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Re: DewDiligence post# 1852

Tuesday, 03/17/2020 9:07:06 AM

Tuesday, March 17, 2020 9:07:06 AM

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Baird upgrades 'defensive' Enanta, sees 'real COVID-19 potential'

Baird analyst Brian Skorney upgraded Enanta to Outperform from Neutral with a $60 price target. He sees the company having a defensive cash and royalty position and also views its core competencies in virology and respiratory disease as "among the best to tackle COVID-19," Skorney tells investors. Enanta's two-pronged development approach should give it the potential for a viable COVID-19 candidate to come from it pipeline in either the near or long term, Skorney added.
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