BTIG Starts Trillium Therapeutics (TRIL) at Buy
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
BTIG initiated coverage on Trillium Therapeutics (NASDAQ: TRIL) with a Buy rating and a price target of $21. Analyst Dane Leone is bullish on TTI-621, which blocks the interaction between tumor cells expressing CD47.
Leone explained, "Our analysis suggests positive optionality for Trillium’s lead therapeutic program, TTI-621, targeting CD47 in hematological malignancies. We think that CD47 is still relatively under-the radar for most investors, but could provide an important angle for combination therapy by stimulating the innate immune system. Furthermore, we think that the market is overly discounting the early stage nature of TRIL’s anti-CD47 program, given that the role of CD47 has been well characterized within pre-clinical research. Our Fair Value analysis for TRIL places the fair value share price at ~$21, which is ~28% above the current share price."
Shares of Trillium Therapeutics closed at $16.22 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Oppenheimer Raises Price Target on Capital One Financial (COF) Following 3Q Report
- AK Steel (AKS) PT, Estimates Raised at Jefferies
- UPDATE: Cowen Downgrades Under Armour, Inc. (UA) to Market Perform
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, 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!