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H.C. Wainwright Thinks Arbutus Biopharma’s Stock is Going to Recover

In a report released today, Ed Arce from H.C. Wainwright maintained a Buy rating on Arbutus Biopharma (ABUSResearch Report), with a price target of $7.50. The company’s shares closed last Thursday at $2.54, close to its 52-week low of $1.93.

According to TipRanks.com, Arce is a 4-star analyst with an average return of 9.0% and a 39.9% success rate. Arce covers the Healthcare sector, focusing on stocks such as Paratek Pharmaceuticals, Aurinia Pharmaceuticals, and Galmed Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Arbutus Biopharma with a $6.63 average price target, implying a 161.0% upside from current levels. In a report issued on July 21, JMP Securities also reiterated a Buy rating on the stock with a $9.00 price target.

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The company has a one-year high of $6.50 and a one-year low of $1.93. Currently, Arbutus Biopharma has an average volume of 1.05M.

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Arbutus Biopharma Corp. engages in discovering, developing and commercializing a cure for patients suffering from chronic Hepatitis B virus infection. The company is headquartered in Burnaby, Canada.

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