Jefferies keeps MannKind at hold

MannKind Corp. was maintained at a hold rating and a price target of $16 by Jefferies & Co., Inc. analyst Adam Walsh. Jefferies believes the recent stock price appreciation (up 52% in 2006) fully reflects appropriate upside. The company reported fourth-quarter 2005 loss per share of $0.66, $0.37 below the analyst's estimate and 5 cents below Street consensus. Shares of the Valencia, Calif., biopharmaceutical company were down $1.01, or 5.89%, at $16.15 on volume of 400,413 shares versus the three-month running average of 282,821 shares. (Nasdaq: MNKD)

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