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Citi Upgrades Bellicum Pharmaceuticals (BLCM) to Buy

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Jefferies Raises Price Target on Bellicum Pharma (BLCM) to $22; Reiterates Buy

August 9, 2016 9:50 AM EDT

Jefferies reiterated a Buy rating on Bellicum Pharmaceuticals (NASDAQ: BLCM), and raised the price target to $22.00 (from $20.00), following the company's 2Q earnings report. BLCM reported a Q2 GAAP EPS of ($0.61) vs. estimates of ($0.59).

Analyst Biren Amin commented, "BLCM reported 2Q financial results... More