Cowen & Co. Believes Mirati Therapeutics (MRTX) Won’t Stop Here


In a report released yesterday, Chris Shibutani from Cowen & Co. maintained a Buy rating on Mirati Therapeutics (MRTX). The company’s shares closed yesterday at $104.07, close to its 52-week high of $109.64.

According to TipRanks.com, Shibutani is a 4-star analyst with an average return of 8.5% and a 45.5% success rate. Shibutani covers the Healthcare sector, focusing on stocks such as Syndax Pharmaceuticals Inc, Five Prime Therapeutics, and Pieris Pharmaceuticals.

Currently, the analyst consensus on Mirati Therapeutics is a Moderate Buy with an average price target of $113.90.

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The company has a one-year high of $109.64 and a one-year low of $28.50. Currently, Mirati Therapeutics has an average volume of 762.1K.

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Mirati Therapeutics, Inc. is a clinical-stage oncology company, which engages in developing a pipeline of oncology products to treat genetic, immunological and epigenetic drivers of cancer in subsets of cancer patients. Its clinical pipeline consists of glesatinib, sitravatinib and mocetinostat.

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