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TTOO

T2 Biosystems

$8.06 /

-0.81 (-9.13%)

07:30
05/30/18
05/30
07:30
05/30/18
07:30

T2 Biosystems price target raised to $14 from $8.50 at H.C. Wainwright

H.C. Wainwright analyst Raghuram Selvaraju raised his price target for T2 Biosystems to $14 after the company announced receipt of market clearance from the FDA for the T2Bacteria panel for direct detection of bacterial species in human whole blood specimens. T2Bacteria could generate four times the volume seen with T2Candida, Selvaraju tells investors in a research note. He notes this is the first FDA-cleared test to identify sepsis-causing bacteria directly from whole blood. Importantly, T2Bacteria provides test results in approximately five hours, which is more than 2.5 days faster than blood culture-dependent tests, the analyst adds. He reiterates a Buy rating on T2 Biosystems.

  • 31

    May

TTOO T2 Biosystems
$8.06 /

-0.81 (-9.13%)

05/29/18 Janney Montgomery Scott
T2 Biosystems fair value estimate raised to $18 at Janney Capital
05/09/18
On The Fly: Top five analyst upgrades
05/09/18 Janney Montgomery Scott
T2 Biosystems upgraded to Buy from Neutral at Janney Capital
01/29/18 Goldman Sachs
T2 Biosystems initiated with a Neutral at Goldman Sachs

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