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Citius Pharmaceuticals (CTXR) Receives a Buy from Maxim Group

Maxim Group analyst Michael Okunewitch maintained a Buy rating on Citius Pharmaceuticals (CTXRResearch Report) yesterday and set a price target of $4.00. The company’s shares closed last Thursday at $0.92, close to its 52-week low of $0.86.

According to TipRanks.com, Okunewitch has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -26.0% and a 21.4% success rate. Okunewitch covers the Healthcare sector, focusing on stocks such as TFF Pharmaceuticals, Gilead Sciences, and HCW Biologics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Citius Pharmaceuticals with a $6.67 average price target, which is a 627.8% upside from current levels. In a report issued on May 13, Dawson James also maintained a Buy rating on the stock with a $10.00 price target.

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Based on Citius Pharmaceuticals’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $7.56 million. In comparison, last year the company had a GAAP net loss of $4.12 million.

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Citius Pharmaceuticals, Inc. engages in the development and commercialization of therapeutic products. It offers Mino-Lok, a patented solution to treat and salvage infected central venous catheters in patients with catheter related bloodstream infections and Hydro-Lido, a topical formulation of hydrocortisone and lidocaine that is intended for treatment of hemorrhoids. The company was founded by Ralph Montrone on January 23, 2007 and is headquartered in Cranford, NJ.

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