B. Riley Securities Maintains Buy Rating for Altimmune: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Altimmune ALT and raise its price target from $21.00 to $26.00.

Shares of Altimmune are trading up 23.53% over the last 24 hours, at $17.01 per share.

A move to $26.00 would account for a 52.85% increase from the current share price.

About Altimmune

Altimmune Inc is a clinical-stage biopharmaceutical company focused on the development of novel peptide-based therapeutics for the treatment of obesity and liver diseases. The company's lead product candidate, pemvidutide, is a GLP-1/glucagon dual receptor agonist that is being developed for the treatment of obesity and NASH (non-alcoholic steatohepatitis). In addition, Altimmune is developing HepTcell, an immunotherapeutic designed to achieve a functional cure for chronic hepatitis B virus (HBV).

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