2022-09-01 13:08:46 LQDA Liquidia
09/01/22 09/0113:08 09/01/2213:08 | Liquidia price target raised to $16 from $12 at NeedhamNeedham analyst Serge Belanger raised the firm's price target on Liquidia to $16 from $12 and keeps a Buy rating on the shares, noting that "investors may be disappointed by the split decision court ruling," but contending that the decision "avoids the worst case scenario of an injunction until 2028" and establishes "a clear viable path" toward Yutepria approval by late-2023 or early-2024. The analyst, who also argues that recent developments should increase the appeal of Liquidia as an M&A target, said his increased target reflects both a lower risk profile and an updated model that now includes PHILD patients. |
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