Thomas Weisel Starts Lexicon (LXRX) at Overweight, $2.50 Price Target

November 23, 2009 4:49 PM EST

Thomas Weisel initiates coverage on Lexicon Pharmaceuticals (Nasdaq: LXRX) with an Overweight rating and a $2.50 price target.

With shares of Lexicon closing at $1.60 today (up 6.7%), the firm's new price target represents potential upside of about 56%.

Click here to see all the analyst action on shares of Lexicon.

Lexicon Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the discovery and development of pharmaceutical products for the treatment of human disease, including immunology, metabolism, cardiology, and ophthalmology.


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