RBC Capital analyst Douglas Miehm raised the firm’s price target on MannKind (MNKD) to $8 from $7 and keeps an Outperform rating on the shares. The firm views the company’s announced acquisition of scPharmaceuticals (SCPH) positively as it adds a high-growth commercial asset with a large total addressable market of about $13B, diversifies MannKind revenue base, and the acquisition multiple is “attractive”, the analyst tells investors in a research note.
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