Rodman & Renshaw Starts Oncothyreon (ONTY) at Market Outperform, Sets Street-High Price Target at $10

April 25, 2011 2:33 PM EDT
Get Alerts ONTY Hot Sheet
Price: $1.21 --0%

Rating Summary:
    7 Buy, 2 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Shares of Oncothyreon (NASDAQ: ONTY) are rallying sharply Monday despite any news from the company. At last check, shares were up 9.8 percent to $4.61.

The stock seems to have pushed above a resistance level around $4.50 following a new Market Outperform rating from Rodman & Renshaw in an intraday research note. The firm set a Street-high price target on ONTY shares at $10.

The firm's new price target implies potential upside of about 117 percent from where the stock is trading Monday.

For more ratings news on Oncothyreon click here and for the rating history of Oncothyreon click here.


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