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UPDATE: JMP Securities Initiates Coverage on Lpath on Potential of iSONEP and ASONEP

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In a report published Tuesday, JMP Securities analyst John L. Newman initiated coverage on Lpath (NASDAQ: LPTN) with a Market Outperform rating and $14.00 price target.

In the report, JMP Securities noted, “We are initiating coverage on Lpath with a Market Outperform rating and establishing a $14 price target based on a probability-adjusted Net Present Value calculation. Lpath is developing two lipid-targeting antibodies, iSONEP for eye disease, and ASONEP for kidney cancer, with iSONEP holding under-appreciated value, in our view.”

Lpath closed on Monday at $4.81.

Latest Ratings for LPTN

DateFirmActionFromTo
Apr 2014Initiates Coverage onBuy
Nov 2013Initiates Coverage onBuy
Dec 2012Initiates Coverage onBuy

View More Analyst Ratings for LPTN
View the Latest Analyst Ratings

Posted-In: JMP Securities John L. NewmanAnalyst Color Initiation Analyst Ratings

 

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