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Apnimed shares surge on bullish BofA initiation

Source: proactiveinvestors.com

Analyst InsightsAnalyst EstimatesCompany FundamentalsTechnology & Innovation
Apnimed shares surge on bullish BofA initiation

Apnimed shares rose 8% Tuesday after BofA Securities initiated coverage with a Buy rating and a $41 price target. The view is grounded in a risk-adjusted discounted cash flow model centered on Oxnimbi (AD109), Apnimed’s sole asset, an oral therapy for obstructive sleep apnea (OSA).

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