Merus (MRUS) Coverage Initiated at Guggenheim
Guggenheim started coverage on shares of Merus (NASDAQ:MRUS) in a report published on Friday, Benzinga’s Daily Ratings Newsletter reports. The firm issued a buy rating and a $25.00 price objective on the biotechnology company’s stock.
Several other research firms have also weighed in on MRUS. Zacks Investment Research lowered shares of Merus from a buy rating to a hold rating in a research note on Wednesday, March 27th. Wedbush dropped their price objective on shares of Merus from $34.00 to $25.00 and set an outperform rating on the stock in a research note on Friday, April 5th. Citigroup dropped their price objective on shares of Merus from $18.00 to $16.00 and set a neutral rating on the stock in a research note on Friday, March 15th. BidaskClub lowered shares of Merus from a hold rating to a sell rating in a research note on Thursday, March 21st. Finally, ValuEngine upgraded shares of Merus from a sell rating to a hold rating in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $23.00.
MRUS stock opened at $16.45 on Friday. Merus has a 52-week low of $11.00 and a 52-week high of $26.74. The company has a market cap of $349.21 million, a PE ratio of -8.94 and a beta of -0.06.
Merus N.V., a clinical-stage immuno-oncology company, engages in developing bispecific antibody therapeutics. Its bispecific antibody candidate pipeline includes MCLA-128, which is in a Phase II clinical trial for the treatment of patients with metastatic breast cancer; and Phase I/II study for treating gastric, ovarian, endometrial, and non-small cell lung cancers.
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