Fennec price target raised to $13 from $12 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Fennec (FENC) to $13 from $12 and keeps a Buy rating on the shares following the company’s Q1 earnings beat. The results for Q1 are near the breakeven amount for revenue, the firm notes. Craig-Hallum says that continued wins at potential major accounts, along with improved adherence to treatment from investments in the commercial team, could start to inflect the AYA channel.