Very good news for Gale that Piper Jaffray came out with solid $2.50 price target and overweight rating. I am expecting another year of triple digit gains for galena.
Sentiment: Strong Buy
I agree. I think we may see similar gains this January as occurred last year. Though, I gotta tell ya, I think that even $2.50 is LOW as a target for GALE.
Very good news? PJ is doing the latest offering so it's an automatic that they would come out with a buy with a higher price taget. A non-event as reinforced by the stock giving up almost all of its earlier gains so far today.
They are really going out on a limb with that 2.50 target! The price was 2.43 a few weeks ago.