Stifel analyst Annabel Samimy raised the firm’s price target on Ligand (LGND) to $220 from $195 and keeps a Buy rating on the shares. Consistently exceeding expectations, Ligand posted Q3 revenues of $86.9M an adjusted EPS of $3.09, reflecting a strong win on project financing and diversified royalty portfolio with growth drivers that consistently beat consensus, the analyst tells investors in a research note. The firm added the the company continues to execute across deal types in a capital-hungry financing environment.
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