Alector Inc (ALEC) Receives a Buy from Cowen & Co.


In a report released today, Yaron Werber from Cowen & Co. maintained a Buy rating on Alector Inc (ALEC). The company’s shares opened today at $18.58.

According to TipRanks.com, Werber is a 4-star analyst with an average return of 10.7% and a 57.5% success rate. Werber covers the Healthcare sector, focusing on stocks such as Ultragenyx Pharmaceutical, Inc., Rocket Pharmaceuticals Inc, and Prevail Therapeutics Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alector Inc.

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The company has a one-year high of $27 and a one-year low of $15.16. Currently, Alector Inc has an average volume of 166.9K.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.

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Alector, Inc. operates as a clinical-stage biopharmaceutical company. It develops therapeutics for the treatment of neurodegenerative diseases including frontotemporal dementia (FTD), Alzheimer’s disease, and Parkinson’s disease.

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