Merriman Curhan Ford Initiates Coverage on Facet Biotech (FACT) with a Buy

September 28, 2009 7:26 AM EDT
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Price: $27.01 --0%

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Today's Overall Ratings:
    Up: 29 | Down: 29 | New: 23
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Merriman Curhan Ford initiates coverage on Facet Biotech (Nasdaq: FACT) with a Buy rating.

Merriman analyst says, "Facet Biotech represents a unique investment opportunity in the biotech space, combining a modest enterprise value, a late-stage clinical asset with a high probability of success, a robust development-stage pipeline, and an experienced management and board team with a desire and ability to succeed. The combination of modest valuation juxtaposed against latestage development increases the odds of success for investors. Facet was off the Street’s radar screen until the recent unsolicited bid from Biogen, which puts a floor of valuation under the shares in the $14-15 range."

To see more analyst ratings on FACT Click Here.

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