Roth Capital Reiterates Buy On Discovery Laboratories, $5.50 PT
In a research report issued today, Roth Capital analyst Scott Henry reiterated a Buy rating on Discovery Laboratories (NASDAQ:DSCO) with a price target of $5.50.
Henry noted, “DSCO announced Wednesday a collaboration whereby its partner Battelle put more skin in the game with regards to developing the Aerosurf delivery device. We view this event as positive as it 1) validates the development by a leader in the field of aerosol technology, and 2) reduces the cash burn rate over the next 1-2 years.”
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 2.6% and a 39.3% success rate. Henry has a 15.2% average return when recommending DSCO, and is ranked #1201 out of 3335 analysts.