Equities researchers at J P Morgan Chase & Co initiated coverage on shares of Inflarx (NASDAQ:IFRX) in a research note issued to investors on Monday, MarketBeat reports. The brokerage set an “overweight” rating and a $30.00 price target on the stock. J P Morgan Chase & Co’s target price would indicate a potential upside of 55.93% from the company’s previous close.

Shares of Inflarx (IFRX) traded down $1.64 during trading on Monday, reaching $19.24. 48,357 shares of the company’s stock traded hands, compared to its average volume of 56,424. Inflarx has a 52 week low of $14.47 and a 52 week high of $22.48.

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Inflarx Company Profile

Inflarx NV, formerly Fireman BV, is a holding company for InflaRx GmbH, a Germany-based clinical-stage biopharmaceutical company. The Company’s primary focus is on the development of monoclonal antibodies targeting activation products of the complement system for application in the treatment of life-threatening inflammatory diseases.

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