Friday, January 05, 2018 11:54:55 PM
Jason AycockJan. 5, 2018 6:42 PM ET
Nanocap Cytori Therapeutics (NASDAQ:CYTX) vaulted in the last 15 minutes of the week's trading to a 74% gain after it was floated as a likely acquisition candidate by Maxim.
Analyst Jason Kolbert sees Takeda's (OTCPK:TKPYY) play for Tigenix (NASDAQ:TIG) as a positive sign for Cytori, since it makes a similar adipose-based product for regenerative medicine.
He has a price target of $5 vs. today's close of $0.47.
Volume was about 7.7M shares today vs. an average of less than 1M. Shares have drawn back slightly postmarket, -13%.
Source: Bloomberg
Basically Maxim reporter stated that CYTX would be a good Buyout Candidate seeing as Tigenix was made a significant offer from a Japanese company today. He said Cytori has just as much of a chance based on their research....and assigned a new price target.
I doubt a buyout will happen in the near future, but admit anything can happen!
Best of luck!
In My Own Personal Opinion Of Course!
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