UPDATE: Jefferies Reiterates Buy Rating, Raises PT on ImmunoGen

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

In a report published Monday, Jefferies reiterated its Buy rating on ImmunoGen (NASDAQ: IMGN), and slightly raised its price target from $16.00 to $17.00.Jefferies noted, “On its F2Q13 call, IMGN highlighted progress on its earlier stage, internally developed programs including 901, 854, and 529, all of which are upside to our valuation, which is based predominantly on royalties on T-DM1 for breast cancer. We remain optimistic about T-DM1 prospects going into the February FDA approval date.”ImmunoGen closed on Friday at $15.04.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!