Fortress Biotech Reports Second Quarter 2024 Financial Results and Recent Corporate Highlights

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Fortress Biotech (FBIO) PT Raised to $13 at Roth/MKM

August 14, 2024 5:06 AM EDT

Roth/MKM analyst Jason Whittes raised the price target on Fortress Biotech (NASDAQ: FBIO) to $13.00 (from $10.00) while maintaining a Buy rating.

The analyst comments "FBIO reported 2Q24 revenues down 14.4% to $14.9 million vs. consensus of $14.8 million and our estimate of $14.0 million. EPS was ($0.73) vs.... More