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Fly News Breaks for February 1, 2016
CEMP
Feb 1, 2016 | 08:51 EDT
Janney Capital analyst Debjit Chattopadhyay noted that Cempra is now trading at a lower enterprise value than some peers that have recently been acquired despite the fact that the company has the potential to address significantly larger market opportunities than those peers. The analyst, who sees the sector weakness setting up a favorable risk/reward balance in Cempra shares, recommend buying at current levels and keeps a Buy rating and $37 fair value estimate on the stock.
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