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CDXC

ChromaDex

$4.23

0.08 (1.93%)

16:09
04/23/18
04/23
16:09
04/23/18
16:09

ChromaDex says Rob Fried will succeed Frank Jaksch as CEO in June

ChromaDex Corp. announced a new management structure including the appointment of Frank Jaksch to executive chairman of the ChromaDex board, effective June 22 after the 2018 Annual Meeting of Stockholders. Jaksch succeeds Stephen Allen, the non-executive chairman of the ChromaDex board, who on February 13 announced his intention to retire at the end of his current term. ChromaDex also announced that Rob Fried, the company's current president and COO, has been named CEO of the company, effective after the June 22 Annual Meeting of Stockholders. Fried will succeed Frank Jaksch as CEO.

CDXC ChromaDex
$4.23

0.08 (1.93%)

09/11/17
HCWC
09/11/17
NO CHANGE
Target $6
HCWC
Buy
ChromaDex price target raised to $6 from $5 at H.C. Wainwright
H.C. Wainwright analyst Raghuram Selvaraju raised his price target for ChromaDex to $6 citing the company's partnership with the Hong Kong-based retailer, A.S. Watson. The analyst notes that CK Hutchison, whose Chairman is Li Ka-shing, owns 75% of Watsons. Li Ka-shing has now invested over $25M in ChromaDex, so Watsons should be incentivized to support the Tru Niagen launch, Selvaraju tells investors in a research note. He anticipates the partnership in 2018 could result in up to $10M in Tru Niagen-related revenue. The analyst reiterates a Buy rating on ChromaDex.
09/25/17
LTCO
09/25/17
INITIATION
Target $7
LTCO
Buy
ChromaDex initiated with a Buy at Ladenburg
Ladenburg Thalmann analyst Jeffrey Cohen started ChromaDex with a Buy rating and $7 price target.
11/27/17
HCWC
11/27/17
NO CHANGE
Target $8
HCWC
Buy
ChromaDex price target raised to $8 from $6 at H.C. Wainwright
H.C. Wainwright analyst Raghuram Selvaraju raised his price target for ChromaDex to $8 saying the company reported a "solid" financial position in Q3. To reflect the potential impact of the Watsons distribution arrangement, the analyst raised his 2018 revenue estimate for ChromaDex to $71M from $60M. He keeps a Buy rating on the shares.

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