Evercore ISI Initiates Coverage on Apellis Pharmaceuticals (APLS)
Analysts at Evercore ISI started coverage on shares of Apellis Pharmaceuticals (NASDAQ:APLS) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set an “outperform” rating on the stock.
A number of other research firms also recently weighed in on APLS. Citigroup began coverage on shares of Apellis Pharmaceuticals in a research report on Monday. They set a “buy” rating and a $23.00 target price for the company. J P Morgan Chase & Co began coverage on shares of Apellis Pharmaceuticals in a research report on Monday. They set an “overweight” rating and a $31.00 target price for the company.
Shares of Apellis Pharmaceuticals (NASDAQ:APLS) opened at $13.73 on Monday. Apellis Pharmaceuticals has a 52-week low of $12.45 and a 52-week high of $15.41.
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Apellis Pharmaceuticals Company Profile
Apellis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company focuses on the discovery and development of therapeutic compounds for autoimmune and inflammatory diseases. The Company’s lead compounds are designed to inhibit complement component 3 (C3), the central protein in the complement cascade.
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