Roth Capital Recommends Purchase Flamel Shares Ahead Of Improving Fundamentals
In a research report issued today, Roth Capital analyst Scott Henry maintained a Buy rating on Flamel Technologies (FLML) with a $20 price target, following a meeting with Flamel management.
Henry wrote, “We recently met with the management of Flamel. These meetings reinforced our positive outlook for the company over the coming 6-12 months. Key takeaways from these meetings are included within this note. Takeaways reflect our impressions from the meetings, and may differ from management’s beliefs.” The analyst added, “The company appears confident in profitability in 4Q14. This should only be the beginning, in our opinion, and we recommend purchase ahead of these improving fundamentals.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Scott Henry has a total average return of 23.1% and a 56.1% success rate. Henry has a 5.4% average return when recommending FLML, and is ranked #158 out of 3254 analysts.