Barrington analyst Michael Petusky raised the firm’s price target on Anika Therapeutics (ANIK) to $16 from $15 and keeps an Outperform rating on the shares. The firm, which continues to think shares are “meaningfully undervalued,” says “it appears that the company agrees” based on its recent decision to commence a $15M 10b5-1 share repurchase that it expects to complete by this June.
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