B. Riley Securities has decided to maintain its Buy rating of Fortress Biotech FBIO and lower its price target from $8.00 to $6.00.
Shares of Fortress Biotech are trading down 1.01% over the last 24 hours, at $0.87 per share.
A move to $6.00 would account for a 589.66% increase from the current share price.
About Fortress Biotech
Fortress Biotech Inc is a biopharmaceutical company. The firm is involved in the business of acquiring, developing, and commercializing pharmaceutical and biotechnology products. Its product portfolio encompasses Targadox, Exelderm, Ceracade, Luxamend, and Dermasorb. The business activities of the group are functioned through Dermatology Product Sales, and Pharmaceutical and Biotechnology Product Development. It derives the majority of its revenues from Dermatology segment. Its subsidiaries also operate in biotechnology, pharmaceutical, oncology, therapeutics sectors.
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