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TTNP

Titan Pharmaceuticals

$0.19

0.0048 (2.65%)

07:45
10/23/19
10/23
07:45
10/23/19
07:45

Titan Pharmaceuticals upgraded to Buy from Hold at Maxim

Maxim analyst Jason McCarthy upgraded Titan Pharmaceuticals to Buy from Hold with a price target of $1.00.

TTNP Titan Pharmaceuticals
$0.19

0.0048 (2.65%)

08/15/19
MAXM
08/15/19
DOWNGRADE
MAXM
Hold
Titan Pharmaceuticals downgraded to Hold from Buy at Maxim
08/16/19
08/16/19
DOWNGRADE

Hold
Titan Pharmaceuticals downgraded to Hold from Buy at Maxim
As previously reported, Maxim analyst Jason McCarthy downgraded Titan Pharmaceuticals to Hold after its Q2 results, showing product revenues flat sequentially and cash levels at just $2.3M, suggesting the company is only financed through October. The analyst notes that the company's re-launch of probuphine is continuing with positive updates but remains at an early stage and will require time and capital. McCarthy is concerned that Titan will have to raise capital again while trading at a "distressed valuation".

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CYTK

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