Aegis Capital Starts CohBar (CWBR) at Buy

Aegis Capital analyst Nathan Weinstein initiates coverage on CohBar (NASDAQ: CWBR) with a Buy rating and a price target of $6.00.

Analyst says: "based on a discounted cash flow analysis which credits future potential revenue of CB4211 in NASH and obesity, while treating other assets and indications as option value at this time. Our model utilizes a 20% discount rate, and a PoS handicap for conservatism."

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

Shares of CohBar closed at $1.44 yesterday.

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