Piper Jaffray Starts Oncothyreon (ONTY) at Underweight

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Shares of Oncothyreon (NASDAQ: ONTY) are down nearly 2% after-hours Thursday after Piper Jaffray initiated coverage on the stock with a Underweight rating and $1 price target, suggesting 56% downside.

For an analyst ratings summary and ratings history on Oncothyreon click here. For more ratings news on Oncothyreon click here.

Shares of Oncothyreon closed at $2.27 yesterday, with a 52 week range of $1.71-$9.23.

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