Form 8-K LIGAND PHARMACEUTICALS For: Aug 04

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Roth Capital Says to Buy Ligand Pharma (LGND) on Today's 'Bad' Downgrade

August 5, 2016 11:27 AM EDT

Roth Capital affirms Ligand Pharma (Nasdaq: LGND) at Buy with a price target of $149 following Deutsche Bank's downgrade to Sell on the stock today.

Analyst Joseph Pantginis commented today, Our ongoing thesis for Ligand has been one of accumulation over the long term and believe today's weakness offers an opportunity for just that. There has been no call, to date, by the competitor... More