Raymond James Maintains Strong Buy Rating for CymaBay Therapeutics: Here's What You Need To Know

Raymond James has decided to maintain its Strong Buy rating of CymaBay Therapeutics CBAY and raise its price target from $33.00 to $34.00.

Shares of CymaBay Therapeutics are trading up 0.12% over the last 24 hours, at $16.46 per share.

A move to $34.00 would account for a 106.56% increase from the current share price.

About CymaBay Therapeutics

CymaBay Therapeutics Inc is a clinical-stage biopharmaceutical company focused on developing innovative therapies for patients with liver and other chronic diseases with high unmet medical need. Its product in pipeline includes two clinical stage product candidates: seladelpar (a PPARd agonist) and MBX-2982 (a GPR119 agonist).

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