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BTIG Reiterates a Buy Rating on Pliant Therapeutics (PLRX)

BTIG analyst Thomas Shrader reiterated a Buy rating on Pliant Therapeutics (PLRXResearch Report) on July 10 and set a price target of $51.00. The company’s shares closed last Wednesday at $18.75.

According to TipRanks.com, Shrader is a 1-star analyst with an average return of -2.9% and a 30.6% success rate. Shrader covers the Healthcare sector, focusing on stocks such as Minerva Neurosciences, Aldeyra Therapeutics, and Athira Pharma.

Currently, the analyst consensus on Pliant Therapeutics is a Strong Buy with an average price target of $43.71, an 119.4% upside from current levels. In a report issued on July 11, Cantor Fitzgerald also maintained a Buy rating on the stock with a $36.00 price target.

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The company has a one-year high of $28.02 and a one-year low of $3.97. Currently, Pliant Therapeutics has an average volume of 1.72M.

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Pliant Therapeutics Inc is a clinical stage biopharmaceutical company focused on discovering and developing novel therapies for the treatment of fibrosis. Its lead product candidate, PLN-74809, is an oral small-molecule dual that helps in the treatment of idiopathic pulmonary fibrosis.

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