Berenberg Starts Inova Technology, Inc. (INVA) at Buy

April 19, 2018 6:58 AM EDT
Get Alerts INVA Hot Sheet
Price: $15.12 -0.46%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 26 | New: 11
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Berenberg initiates coverage on Inova Technology, Inc. (NASDAQ: INVA) with a Buy rating and a price target of $22.00.

Analyst ​Patrick Trucchio commented, "We initiate coverage on Innoviva, a US-based pharma company focused on maximising the value on royalties on partnered products. We believe the risk-reward tied to Innoviva’s shares is in investors’ favour, based primarily on GlaxoSmithKline/Innoviva’s continued successful commercialisation of COPD and asthma treatments, Relvar/Breo Ellipta and Anoro Ellipta, combined with Sarissa Capital’s activist involvement, which we believe could drive a value-creation event."

For an analyst ratings summary and ratings history on Inova Technology, Inc. click here. For more ratings news on Inova Technology, Inc. click here.

Shares of Inova Technology, Inc. closed at $15.90 yesterday.

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