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Fly News Breaks for September 13, 2019
AIMT
Sep 13, 2019 | 17:02 EDT
Piper Jaffray analyst Christopher Raymond kept an Overweight rating and $60 price target on Aimmune after an FDA's Allergenic Products Advisory Committee, or APAC, voted in favor of the company's AR101 peanut allergy drug on both efficacy and safety. The analyst said, after the vote, he "increasingly likes the chances for Palforzia approval by late January 2020 (if not sooner)." Raymond noted that the stock is likely to open sharply higher on Monday as there is a 30% short interest in Aimmune, and said he is a buyer on the open as he sees "a lot of room to go."
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