HC Wainwright & Co. Maintains Buy Rating for Spero Therapeutics: Here's What You Need To Know

HC Wainwright & Co. has decided to maintain its Buy rating of Spero Therapeutics SPRO and raise its price target from $6.00 to $7.00.

Shares of Spero Therapeutics are trading down 2.5% over the last 24 hours, at $1.36 per share.

A move to $7.00 would account for a 412.82% increase from the current share price.

About Spero Therapeutics

Spero Therapeutics Inc is a clinical-stage biopharmaceutical firm. It focuses on identifying, developing and commercializing novel treatments for MDR (Multi-drug-resistant) bacterial infections and rare diseases. The company's product candidate, tebipenem pivoxil hydrobromide or tebipenem HBr, is designed to be an oral carbapenem-class antibiotic for use in adults to treat MDR Gram-negative infections. It is also developing SPR720, a novel oral antibiotic designed for the treatment of a rare, orphan disease caused by pulmonary non-tuberculous mycobacterial infections, or NTM disease. Besides, it is also focused on SPR206, a next-generation polymyxin investigational product candidate, being developed as an IV-administered medicine to treat MDR Gram-negative infections in the hospital.

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