Canaccord Genuity Reiterates a 'Buy' on Immunogen (IMGN); Raising PT

October 31, 2011 8:22 AM EDT
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Price: $31.25 --0%

Rating Summary:
    5 Buy, 17 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 15 | New: 40
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Canaccord Genuity reiterates a 'Buy' on Immunogen Inc. (NASDAQ: IMGN) price target raised from $14 to $17.

Canaccord analyst, George Farmer, said, "Ahead of T-DM1 developments expected from Roche on Nov. 7 and big catalysts expected next year, we increase our IMGN target to $17 from $14. We reiterate our BUY rating expecting continued stock momentum into next year."

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

Shares of Immunogen Inc. closed at $13.47 yesterday.


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