Maxim Group Maintains Buy Rating for Brainstorm Cell: Here's What You Need To Know

Maxim Group has decided to maintain its Buy rating of Brainstorm Cell BCLI and lower its price target from $5.00 to $10.00.

Shares of Brainstorm Cell are trading up 31.22% over the last 24 hours, at $3.28 per share.

A move to $10.00 would account for a 204.83% increase from the current share price.

About Brainstorm Cell

Brainstorm Cell Therapeutics Inc is a biotechnology company. The company is developing novel adult stem cell therapies for debilitating neurodegenerative disorders such as Amyotrophic Lateral Sclerosis (ALS, also known as Lou Gehrig's disease), Progressive Multiple Sclerosis (PMS), and Parkinson's disease (PD). Brainstorm's NurOwn, its proprietary process for the propagation of Mesenchymal Stem Cells (MSC) and differentiation into neurotrophic factor-(NTF) secreting cells (MSC-NTF), and their transplantation at, or near, the site of damage, offers the hope of more effectively treating neurodegenerative diseases.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.