Piper Jaffray Starts Nanosphere (NSPH) at Buy

December 11, 2007 8:09 AM EST
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Price: $1.69 --0%

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    4 Buy, 4 Hold, 0 Sell

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    Up: 30 | Down: 30 | New: 23
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Piper Jaffray initiates coverage on Nanosphere (Nasdaq: NSPH) with a Buy rating and a $17 price target.

The firm said Nanosphere's core technology is solid and its recent FDA approval for its Verigene molecular diagnostics instrument will lead to long-term revenue growth.

Nanosphere, Inc. develops, manufactures, and markets a molecular diagnostics platform, the Verigene System, that enables genomic and protein testing on a single platform.

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