Form 8-K 22nd Century Group, Inc. For: Nov 25

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Go back to Form 8-K 22nd Century Group, Inc. For: Nov 25

Chardan Capital Bullishness on 22nd Century (XXII) Reaffirmed Following Management Conf. Call

November 26, 2014 7:00 AM EST

Chardan Capital affirms 22nd Century Group (AMEX: XXII) at Buy with a price target of $9 following a recent conference call with management.

Analyst James McIlree noted that Chardan's price target was based on a sum-of-the-parts methodology, which was comprised of the discounted present value of the projected BAT license revenue, the discounted value of commercial product sales, RED SUN and MAGIC, and a value for the companys modified risk and X-22... More