Zacks Investment Research Upgrades Genmab A/S (GNMSF) to Buy
Genmab A/S (OTCMKTS:GNMSF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $177.00 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.85% from the company’s previous close.
According to Zacks, “Genmab A/S is a biotechnology company that creates and develops human antibodies for the treatment of life-threatening and debilitating diseases. Genmab has numerous products in development to treat cancer, infectious disease, rheumatoid arthritis and other inflammatory conditions, and intends to continue assembling a broad portfolio of new therapeutic products. In addition, Genmab has developed UniBody, a new proprietary technology that creates a stable, smaller antibody format. Genmab has operations in Europe and the US. “
Separately, JPMorgan Chase & Co. assumed coverage on shares of Genmab A/S in a research report on Tuesday, June 21st. They issued a “neutral” rating on the stock.
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