BTIG Starts Tracon Pharmaceuticals (TCON) at Buy
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
BTIG initiated coverage on Tracon Pharmaceuticals (NASDAQ: TCON) with a Buy rating and a price target of $15.
Analyst Ling Wang said, "TCON’s lead compound, TRC105 (an anti-endoglin antibody) has generated promising efficacy in a variety of solid tumors. With TRC105 potentially entering pivotal Phase III trials in 2H16, we project a market launch in 2019, with peak US sales of over $300M across indications. Advancement of a second compound TRC-102 (in Phase I/II sponsored by NCI) and a wet AMD program, partnered with Santen (SNPHF, Not Rated) would provide additional upside (not modeled)."
Shares of Tracon Pharmaceuticals closed at $5.87 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Seaport Global Securities Upgrades Flowserve Corp. (FLS) to Buy
- Procter & Gamble (PG) PT Raised to $96 at UBS Following 2Q Report
- Teradyne (TER) PT Raised to $28 at Deutsche Bank; Reiterates Buy
Create E-mail Alert Related CategoriesAnalyst Comments, New Coverage
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!