There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on OncoSec Medical (NASDAQ:ONCS) and Red Lion Hotels (NYSE:RLH) with bullish sentiments.
OncoSec Medical (ONCS)
Maxim Group analyst Jason McCarthy assigned a Buy rating to OncoSec Medical today and set a price target of $5. The company’s shares opened today at $1.35.
McCarthy observed:
“OncoSec provided an update on the TAVO (intratumoral DNA-based IL-12) program in triple negative breast cancer (TNBC) at the 3rd Global Insight Conference on Breast Cancer in Valencia, Spain The presentation is titled “Intra-tumoral delivery of tavokinogene telseplasmid (pIL-12) by electroporation: immunomodulation in melanoma and triple negative breast cancer.”.”
According to TipRanks.com, McCarthy is a 4-star analyst with an average return of 10.7% and a 43.1% success rate. McCarthy covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, SELLAS Life Sciences Group Inc, and ContraVir Pharmaceuticals Inc.
OncoSec Medical has an analyst consensus of Moderate Buy, with a price target consensus of $4.50, which is a 233.3% upside from current levels. In a report released today, H.C. Wainwright also reiterated a Buy rating on the stock with a $4 price target.
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Red Lion Hotels (RLH)
In a report released today, Eric Wold from B.Riley FBR reiterated a Buy rating on Red Lion Hotels. The company’s shares opened today at $12.20, close to its 52-week high of $12.75.
Wold wrote:
“We are reiterating our Buy rating and unchanged $14.50 PT—but continue to acknowledge the opportunity for the shares to move into the high-teens on accelerated M&A activity. Analyst certification and important disclosures can be found on pages 3 – 6 of this report. This document represents an abbreviated discussion of the subject issuer and should not be used as the sole basis for an investment decision.”
According to TipRanks.com, Wold is a 5-star analyst with an average return of 8.8% and a 58.9% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Red Lion Hotels has an analyst consensus of Moderate Buy, with a price target consensus of $14.50.
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