Scynexis Inc. (SCYX) Upgraded to “Strong-Buy” at WBB Securities
October 7th, 2016 • Scynexis Inc. (NASDAQ:SCYX) was upgraded by research analysts at WBB Securities from a “buy” rating to a “strong-buy” rating in a report released on Friday. The firm presently has a $8.00 price objective on the stock. WBB Securities’ price objective suggests a potential upside of 65.98% from the company’s previous close.
Other research analysts have also recently issued research reports about the stock. Brean Capital restated a “buy” rating and issued a $16.00 target price on shares of Scynexis in a report on Thursday, June 9th. Canaccord Genuity restated a “buy” rating on shares of Scynexis in a report on Thursday, June 9th. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of Scynexis in a report on Thursday, June 9th. Zacks Investment Research upgraded shares of Scynexis from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a report on Wednesday, June 15th. Finally, Guggenheim began coverage on shares of Scynexis in a report on Wednesday, August 17th. They issued a “buy” rating and a $15.00 target price on the stock. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $12.18.
