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Brinson Patrick Reiterates Market Outperform on Novavax on Strong Finish to 2012

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In a report published Monday, Brinson Patrick reiterated its Market Outperform rating and $3.00 price target on Novavax (NASDAQ: NVAX).

Brinson Patrick noted, “Novavax Inc. (NVAX) has three vaccine candidates in active evaluation in four different therapeutic indications and a fourth candidate expected to enter clinical evaluation in 2013. We look for topline data from the ongoing respiratory syncytial virus (RSV) Phase II and I studies in April and 2H13, respectively, CPLB's advancement of a rabies vaccine using Novavax technology into a clinical trial, as well as updates on the company's vaccine programs in foot-and-mouth disease, and malaria, to be drivers of the stock in 2013.”

Novavax closed on Friday at $2.05.

Latest Ratings for NVAX

DateFirmActionFromTo
Nov 2020HC Wainwright & Co.MaintainsBuy
Aug 2020HC Wainwright & Co.MaintainsBuy
Aug 2020B. Riley FBRMaintainsBuy

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StockFirmActionPT
HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
CYBBFCitigroupDowngrades
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