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Rodman & Renshaw Initiates Coverage of Arena Pharmaceuticals (ARNA) with a Market Outperform

June 24, 2009 8:39 AM EDT
ARNA Hot Sheet
Rating Summary:
    4 Buy, 7 Hold, 4 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Rodman & Renshaw initiates coverage of Arena Pharmaceuticals (Nasdaq: ARNA) with a Market
Outperform rating Price target $9.

Rodman analyst says, "We view the company's obesity drug, lorcaserin, as promising relative to marketed and development-stage obesity drugs."

To see more analyst ratings on ARNA Click Here.

Arena Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, engages in discovering, developing, and commercializing oral drugs in the therapeutic areas of cardiovascular, central nervous system, inflammatory, and metabolic diseases.

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