Brean Murray Carret & Co. Starts Gentium (GENT) at Buy; Profitability Negates Downside Risk
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Price: $8.87 --0%
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
3 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade GENT Now!
Brean Murray Carret & Co. initiates coverage on Gentium (NASDAQ: GENT) with a Buy. PT $16.00.
Analyst, Brian Skorney, said, "Gentium is already profitable from defibrotide sale even though the drug is not approved anywhere in the world. We believe the current valuation is justified by the current sales projectory, with significant upside potential (100%+) upon approval in the E.U., which we expect to occur next year."
For an analyst ratings summary and ratings history on Gentium click here. For more ratings news on Gentium click here.
Shares of Gentium closed at $8.93 yesterday, with a 52 week range of $5.31-$10.78.
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Analyst, Brian Skorney, said, "Gentium is already profitable from defibrotide sale even though the drug is not approved anywhere in the world. We believe the current valuation is justified by the current sales projectory, with significant upside potential (100%+) upon approval in the E.U., which we expect to occur next year."
For an analyst ratings summary and ratings history on Gentium click here. For more ratings news on Gentium click here.
Shares of Gentium closed at $8.93 yesterday, with a 52 week range of $5.31-$10.78.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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