B of A Securities Maintains Neutral Rating for Y-mAbs Therapeutics: Here's What You Need To Know

B of A Securities has decided to maintain its Neutral rating of Y-mAbs Therapeutics YMAB and raise its price target from $6.00 to $12.00.

Shares of Y-mAbs Therapeutics are trading up 17.46% over the last 24 hours, at $10.56 per share.

A move to $12.00 would account for a 13.64% increase from the current share price.

About Y-mAbs Therapeutics

Y-mAbs Therapeutics Inc is a commercial-stage biopharmaceutical company. It is mainly engaged in the development and commercialization of novel, antibody-based therapeutic products for the treatment of cancer. DANYELZA, is the first FDA-approved product of the company which is a recombinant humanized immunoglobulin G, subtype 1k, or IgG1k, monoclonal antibody or mAb that targets ganglioside GD2, which is expressed in various neuroectoderm-derived tumors and sarcomas. The vast majority of the Company's product sales are generated in the United States with additional sales outside the United States in China and Israel through sublicenses and distribution agreements.

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