Chardan Capital Initiates Lion Biotechnologies With Buy

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Analysts at Chardan Capital initiated coverage on

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Lion Biotechnologies Inc

(NASDAQ: LBIO) with a Buy rating.The target price for Lion Biotechnologies is set to $30.Lion Biotechnologies shares have gained 40.35 percent over the past 52 weeks, while the S&P 500 index has surged 12.25 percent in the same period.Lion Biotechnologies' shares rose 4.23 percent to $12.58 in pre-market trading.