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H.C. Wainwright Thinks Pliant Therapeutics’ Stock is Going to Recover

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H.C. Wainwright analyst Ed Arce maintained a Buy rating on Pliant Therapeutics (PLRXResearch Report) today and set a price target of $45.00. The company’s shares closed last Tuesday at $13.10, close to its 52-week low of $11.91.

According to TipRanks.com, Arce is a 4-star analyst with an average return of 14.4% and a 38.4% success rate. Arce covers the Healthcare sector, focusing on stocks such as Entasis Therapeutics Holdings, Madrigal Pharmaceuticals, and Paratek Pharmaceuticals.

Pliant Therapeutics has an analyst consensus of Strong Buy, with a price target consensus of $39.33.

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Pliant Therapeutics’ market cap is currently $472.1M and has a P/E ratio of -5.10.

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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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