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Maxim turns bearish on MannKind, cuts to Sell; shares down 6%

Published 02/28/2018, 01:50 PM
© Reuters.  Maxim turns bearish on MannKind, cuts to Sell; shares down 6%
MNKD
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  • For what it's worth, Maxim Group has downgraded MannKind (MNKD -5.5%) to Sell with a $1 (67% downside risk) price target. Analyst Jason Kolbert says the company failed to get much of a sales bump from its TV campaign for Afrezza on the Dr. Phil and Ellen DeGeneres shows. More capital will be needed, likely on unfavorable terms.
  • Uber bull H.C. Wainwright, however, remains undeterred with a Buy rating.
  • Source: Bloomberg
  • Now read: MannKind - Afrezza Scripts Remain Modest


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