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UPDATE: Jefferies Raises PT on Celldex Therapeutics on Encouraging Pipeline Outlook

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In a report published Friday, Jefferies reiterated its Buy rating on Celldex Therapeutics (NASDAQ: CLDX), and raised its price target from $9.00 to $15.00.

Jefferies noted, “CLDX provided an encouraging overall pipeline outlook including a risk-mitigated CDX-011 registrational strategy, and favorable rindopepimut and CDX-1135 updates. We believe CLDX represents a compelling biotech play with 2 PIII and 3 PI/II candidates providing multiple shots on goal. Our new $15 PT assumes CLDX will develop/market CDX-011 on its own, booking all U.S. sales (v royalties from a partnership previously).”

Celldex Therapeutics closed on Thursday at $10.49.

Latest Ratings for CLDX

DateFirmActionFromTo
Feb 2021HC Wainwright & Co.MaintainsBuy
Oct 2020HC Wainwright & Co.MaintainsBuy
Mar 2020H.C. WainwrightReiteratesBuy

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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

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