Loewen, Ondaatje, McCutcheon Limited (LOM)’s analyst Maria Luckevich, M.Sc., MBA followed today's news and immediately issued a price target of $4.75 for IPCI shares along with a "Speculative Buy" rating.
Her report comes on the heels of another report in which the Company's “buy” rating was reaffirmed by equities research analysts at Ladenburg Thalmann in a research note issued to investors earlier in the month. Ladenburg analysts currently have a $7.00 price target on the stock.