JMP Securities Maintains Outperform Rating for Prothena Corp: Here's What You Need To Know

JMP Securities has decided to maintain its Outperform rating of Prothena Corp PRTA and raise its price target from $82.00 to $83.00.

Shares of Prothena Corp are trading down 5.89% over the last 24 hours, at $62.61 per share.

A move to $83.00 would account for a 32.57% increase from the current share price.

About Prothena Corp

Prothena Corp PLC is a biotechnology company that focuses on protein dysregulation and a pipeline of investigational therapeutics with the potential to change the course of devastating rare neurodegenerative and peripheral amyloid diseases. The company's clinical pipeline of antibody-based product candidates targets a range of indications, including Amyloid Light-chain (AL) amyloidosis (NEOD001), Parkinson's disease and other related synucleinopathies (PRX002), and inflammatory diseases, including psoriasis and psoriatic arthritis (PRX003) and ATTR amyloidosis (PRX004).

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