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UPDATE: Canaccord Genuity Initiates Coverage on Lpath on iSONEP Potential

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In a report published Wednesday, Canaccord Genuity analyst John Newman initiated coverage on Lpath (NASDAQ: LPTN) with a Buy rating and $17.00 price target.

In the report, Canaccord Genuity noted, “We are initiating coverage of Lpath with a BUY rating and $17 price target. Lpath's iSONEP could be paradigm changing in wet AMD with $2.4B peak sales potential. The name is still under the radar, with Lpath developing a novel wet AMD treatment that targets the underlying cause, unlike current standard of care which focuses on symptom treatment.”

Lpath closed on Tuesday at $4.25.

Latest Ratings for LPTN

DateFirmActionFromTo
Apr 2014Canaccord GenuityInitiates Coverage OnBuy
Nov 2013McNicoll Lewis VlakInitiates Coverage OnBuy
Dec 2012Summer StreetInitiates Coverage OnBuy

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Posted-In: Canaccord Genuity John NewmanAnalyst Color Initiation Analyst Ratings

Latest Ratings

StockFirmActionPT
GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
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