Boenning & Scattergood Starts Elite Pharmaceuticals (ELI) at Market Outperform
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Boenning & Scattergood initiates coverage on Elite Pharmaceuticals Inc. (AMEX: ELI) with a Market Outperform rating and $4 price target.
Analyst Debjit Chattopadhyay, Ph.D said, "We believe Elite is poised to advance two pain products into Phase III trials later this year, which we think could lead to significant commercialization deals."
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