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Trading List: August 11 - Updates & Analyst Actions - TGTX

$TGTX - On our trading list with news today or analyst comments with our opinion & trade ideas. Price target lowered by Cantor Fitzgerald, but remains very positive on TG Therapeutics.

TG Therapeutics price target lowered to $30 from $35 at Cantor Fitzgerald

Cantor Fitzgerald analyst Alethia Young lowered the firm's price target on TG Therapeutics to $30 from $35 and keeps an Overweight rating on the shares, citing higher operating expenses. The analyst was surprised by the stock's weakness following the Q2 earnings call given that key timelines were reiterated and sees no fundamental reason for the selloff. In fact, the analyst says she walked away from the update incrementally bullish on the reiteration of timelines for pivotal MS data in Q4, and views this as an attractive entry point.

Our Take:  Definitely buy this on any dips - this is still one of our top picks!

$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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