Zacks Investment Research upgraded shares of Mesoblast Limited (NASDAQ:MESO) from a hold rating to a buy rating in a research report sent to investors on Wednesday. The firm currently has $6.50 price target on the stock.

According to Zacks, “Mesoblast Limited is a global leader in developing innovative cell-based medicines. The Company has leveraged its proprietary technology platform, which is based on specialized cells known as mesenchymal lineage adult stem cells, to establish a broad portfolio of late-stage product candidates. Mesoblast’s allogeneic, ‘off-the-shelf’ cell product candidates target advanced stages of diseases with high, unmet medical needs including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncologic/hematologic conditions. “

Other equities analysts also recently issued research reports about the stock. CIBC began coverage on shares of Mesoblast Limited in a research note on Thursday, August 31st. They issued an outperform rating and a $16.00 price target for the company. Maxim Group set a $14.00 price target on shares of Mesoblast Limited and gave the stock a buy rating in a research note on Wednesday, August 16th. Cantor Fitzgerald restated a buy rating and issued a $20.00 price target on shares of Mesoblast Limited in a research note on Wednesday, August 30th. Oppenheimer Holdings, Inc. began coverage on shares of Mesoblast Limited in a research note on Thursday, August 31st. They issued an outperform rating and a $16.00 price target for the company. Finally, ValuEngine downgraded shares of Mesoblast Limited from a hold rating to a sell rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. Mesoblast Limited presently has an average rating of Hold and an average target price of $13.14.

Shares of Mesoblast Limited (MESO) opened at 6.15 on Wednesday. The firm’s 50-day moving average price is $5.98 and its 200-day moving average price is $8.03. The stock’s market cap is $522.41 million. Mesoblast Limited has a 12-month low of $4.01 and a 12-month high of $12.50.

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Mesoblast Limited Company Profile

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