Citigroup Initiates Coverage on Arsanis (ASNS)
Equities research analysts at Citigroup began coverage on shares of Arsanis (NASDAQ:ASNS) in a research report issued on Monday. The firm set a “buy” rating and a $27.00 price target on the stock. Citigroup’s price target indicates a potential upside of 122.77% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the stock. Cowen started coverage on shares of Arsanis in a research note on Monday. They set an “outperform” rating for the company. Piper Jaffray Companies started coverage on shares of Arsanis in a research note on Monday. They set an “overweight” rating and a $23.00 price objective for the company.
Arsanis (ASNS) opened at $12.12 on Monday. Arsanis has a 52-week low of $12.00 and a 52-week high of $19.73.
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Arsanis, Inc is a biopharmaceutical company. The Company is focused on the discovering and developing monoclonal antibodies (mAbs) for the targeted immunotherapy of serious infections. The Company’s mAbs focus on specific pathogens and pathogenic processes. Its product pipeline includes ASN100, ASN200, ASN300, ASN400 and ASN500.
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