Vanda (VNDA) Ramps; Lazard Sees Upside

Shares of Vanda Pharmaceuticals (NASDAQ: VNDA) ramped on Friday. The move is being traced to "exceptionally positive" feedback for Vanda's experimental tasimelteon to treat non-24-hour disorder.

Feedback was pointed out by analyst Joshua Schimmer of Lazard Capital. He thinks Vanda is well ahead of the game in raising awareness about non-24 hour. He also sees plenty of upside in the stock.

Lazard has a Buy rating on Vanda Pharmaceuticals with a price target of $17.00.

For an analyst ratings summary and ratings history on Vanda Pharmaceuticals (NASDAQ: VNDA) click here. For more ratings news on Vanda Pharmaceuticals click here.

Shares of Vanda Pharmaceuticals closed at $7.12 yesterday.

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