RBC Capital Starts Forward Pharma (FWP) at Outperform

RBC Capital initiated coverage on Forward Pharma (NASDAQ: FWP) with an Outperform rating and a price target of $33.00.

Analyst Michael J. Yee said, "We are initiating coverage of Forward Pharma (FWP) with an Outperform, Speculative Risk rating and a $33 price target. We think there are numerous upside scenarios: 1) key patent positions with royalties; 2) approval for FWP's oral FP187 as a $1B+ drug in multiple sclerosis; 3) as a $500M+ psoriasis drug; or 4) potential takeout by various MS/immunology players."

For an analyst ratings summary and ratings history on Forward Pharma click here. For more ratings news on Forward Pharma click here.

Shares of Forward Pharma closed at $21.05 yesterday.

You May Also Be Interested In

• CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'
• RLJ Lodging Trust (RLJ) PT Raised to $10 at Truist Securities
• Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR18 at JPMorgan