TipRanksStock Market NewsCHRS NewsCredit Suisse Thinks Coherus Biosciences’ Stock is Going to Recover

Credit Suisse Thinks Coherus Biosciences’ Stock is Going to Recover

Credit Suisse analyst Lorenzo Biasio maintained a Buy rating on Coherus Biosciences (CHRSResearch Report) yesterday and set a price target of $24.50. The company’s shares closed last Thursday at $11.56, close to its 52-week low of $10.53.

According to TipRanks.com, Biasio is a 4-star analyst with an average return of 7.3% and a 60.5% success rate. Biasio covers the Healthcare sector, focusing on stocks such as Intuitive Surgical, Merck & Company, and Thermo Fisher.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Coherus Biosciences with a $24.40 average price target, representing a 107.0% upside. In a report issued on February 17, Mizuho Securities also maintained a Buy rating on the stock with a $30.00 price target.

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Coherus Biosciences’ market cap is currently $900.7M and has a P/E ratio of -3.04.

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Coherus BioSciences, Inc. is a commercial-stage clinical biologics platform company, which engages in the development and commercialization of biosimilar therapeutics. Its clinical products include pegfilgrastim biosimilar, adalimumab biosimilar, etanercept biosimilar, ranibizumab biosimilar, and aflibercept biosimilar. The company was founded by Dennis M. Lanfear, Stuart E. Builder, Dr. Alan Herman, Doug Farrar and Steve Glover in September 2010 and is headquartered in Redwood City, CA.

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