Protein Design price target raised by Merrill

Protein Design Labs Inc. was reiterated by Merrill Lynch analyst Thomas McGahren at a buy rating and the price target on the stock was raised to $33 per share from $29 following second-quarter results. Protein Design Labs shares Friday gained $1.315, or 5.08%, to close at $27.225 on volume of 7,318,352 shares versus the three-month running average of 1,610,830 shares.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.