Cryoport price target raised to $12 from $11 at Guggenheim

Guggenheim analyst Subbu Nambi raised the firm’s price target on Cryoport (CYRX) to $12 from $11 and keeps a Buy rating on the shares. After what the firm calls “a clean first quarter,” Guggenheim thinks it was prudent of management to remain conservative given geopolitical uncertainty, the analyst tells investors.