Ladenburg Thalmann & Co. Reaffirms Their Buy Rating on SCYNEXIS (SCYX)

In a report released today, Michael Higgins from Ladenburg Thalmann & Co. maintained a Buy rating on SCYNEXIS (SCYXResearch Report), with a price target of $15.00. The company’s shares closed yesterday at $1.80.

Higgins covers the Healthcare sector, focusing on stocks such as Palatin Technologies, SCYNEXIS, and Eiger Biopharmaceuticals. According to TipRanks, Higgins has an average return of 2.9% and a 28.57% success rate on recommended stocks.

Currently, the analyst consensus on SCYNEXIS is a Strong Buy with an average price target of $9.50.

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SCYX market cap is currently $73.14M and has a P/E ratio of -1.13.

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SCYNEXIS, Inc. is a biotechnology company, which engages in the development of novel oral and intravenous triterpenoid antifungal for the treatment of several serious fungal infections, including vulvovaginal candidiasis, invasive aspergillosis, invasive candidiasis, and refractory invasive fungal infections. The company was founded by Scot Kevin Huber, Terry Eugene Marquardt, Pierre Bernard Jacques Monnet, Russell J. Outcalt, and Yves Joseph Ribeill on November 4, 1999 and is headquartered in Jersey City, NJ.

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