Needham & Company Maintains a 'Buy' on Alnylam Pharmaceuticals (ALNY); Favorable View Based on Low Valuation

Needham & Company maintains a 'Buy' on Alnylam Pharmaceuticals (NASDAQ: ALNY).

Needham analyst says, "We have a favorable view towards the stock based on low valuation, a growing clinical pipeline, and a new strategy announced in early 2011 focused on rare diseases. Valuation is attractive given a negative EV ($40M), which in our view does not adequately reflect the value of the company’s RNAi platform and pipeline. RNAi technology development has been a challenge, particularly with respect to delivery. However, we believe Alnylam has made meaningful progress towards establishing utility in a clinical setting."

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

Shares of Alnylam Pharmaceuticals closed at $6.92 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Needham Reiterates Buy Rating on Amazon.com (AMZN), Raises Estimates
• Alpine Income Property Trust (PINE) PT Lowered to $18 at Jones Trading
• Needham & Company reiterates Buy rating on Amazon (AMZN), raises estimates