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Trading List: Oct. 9 - Updates & Analyst Actions - TGTX

$TGTX - On our trading list with news today or analyst comments with our opinion & trade ideas.

TG Therapeutics price target raised to $52 from $37 at B. Riley Securities

B. Riley Securities analyst Mayank Mamtani raised the firm's price target on TG Therapeutics to $52 from $37 and reiterates a Buy rating on the shares after hosting a call with Dr. Daniel Wynn and Dr. Samuel F. Hunter to discuss the recent clinical, regulatory and payer developments across the multiple sclerosis landscape. TG's ublituximab remains well positioned to achieve highly statistical significant efficacy benefit on the primary endpoint of annualized relapsed rate relative to active comparator Aubagio, Mamtani tells investors in a research note. The analyst factored in a higher penetration rate for anti-CD20 drug class as a whole and raised TG's probability success, in advance of an estimated early 2022 market entry.

Our Take:  This has been our top pick for a good while now and continues to be. Just closed at a new all-time high again Friday.

$TGTX, TG Therapeutics, Inc. / H1

Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

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