Skip to content

Heron selloff on index rebalancing creates buy opp: Cowen

May 27, 2017

Cowen analyst Boris Peaker said today’s weakness in Heron Therapeutics (NASDAQ: HRTX) on index re-balancing crates a buying opportunity.

Peaker said he believes today’s weakness (-8.5% earlier) is due to PJP Index rebalancing, which requires the index to sell 2.2M shares.

“As such we view this as a buying opportunity,” he said. The analyst reiterated an Outperform rating and price target of $40.00.

http://bit.ly/2rrqJf7

Advertisements

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: