H.C. Wainwright Reaffirms Their Buy Rating on ImmunoGen (IMGN)

In a report issued on May 14, Debjit Chattopadhyay from H.C. Wainwright maintained a Buy rating on ImmunoGen (IMGN), with a price target of $9.00. The company’s shares closed last Friday at $4.43.

According to TipRanks.com, Chattopadhyay is a 5-star analyst with an average return of 10.7% and a 48.2% success rate. Chattopadhyay covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Allogene Therapeutics, and Molecular Partners AG.

ImmunoGen has an analyst consensus of Strong Buy, with a price target consensus of $9.67, representing a 134.1% upside. In a report issued on May 1, Canaccord Genuity also maintained a Buy rating on the stock with a $12.00 price target.

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The company has a one-year high of $7.07 and a one-year low of $1.76. Currently, ImmunoGen has an average volume of 3.4M.

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ImmunoGen, Inc. is a biotechnology company, which engages in discovering and developing antibody-drug conjugate therapies that meaningfully improve the lives of people with cancer. Its product candidates include Mirvetuximab soravtansine, Coltuximab ravtansine, IMGN7779 and IMGN632. The company was founded in March 1981 and is headquartered in Waltham, MA.

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