Cantor Fitzgerald Starts Unilife Corporation (UNIS) at Buy

December 17, 2012 4:24 PM EST
Get Alerts UNIS Hot Sheet
Price: $2.49 --0%

Rating Summary:
    4 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Cantor Fitzgerald initiates coverage on Unilife Corporation (NASDAQ: UNIS) with a Buy rating and $7.50 price target.

The firm comments, "With the shares down more than 30% YTD (versus +12% for the S&P 500), we believe that the risk/reward profile has never looked better, particularly as the roadmap to the long-awaited revenue ramp became much clearer following the company's recent Annual General Meeting (at which management identified 30 pipeline programs that it expects to generate roughly $1 billion in peak annual sales). We expect these programs to begin earning meaningful revenues during this fiscal year and model that the company will reach sustainable profitability in fiscal 2014 and close to $500 million in revenues by fiscal 2016 (up from just $5.5 million in fiscal 2012)."

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

Shares of Unilife Corporation closed at $2.11 yesterday.

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