Accueil > Actualité
Actualite financiere : Actualite bourse

Valneva: Portzamparc upgrades stock

(CercleFinance.com) - On Thursday Portzamparc upgraded its rating on Valneva shares to "buy" (from "hold"), while trimming its target price for them to 10 euros (from 11.
1 euros).

The analyst explains that this upgrade follows the French vaccine specialist's launch of a 40 million euro fundraising campaign.

The amount raised from this offering will be used to finance Valneva's part of the phase III study in Lyme disease, the broker says.

Portzamparc points out that the proceeds of the transaction will also be used to finance the regulatory submission and the preparation of the marketing of the chikungunya vaccine, as well as to provide the company with working capital.

Valneva shares are down in the dumps today - tumbling almost 8% in late morning trading.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.