Re: XOMA a competitor in Psoriasis treatment
Monday, August 28, 2000
US Bancorp bullish on XOMA --12:23 pm - By Michael Baron U.S. Bancorp Piper Jaffray raised its price target for XOMA Ltd. (XOMA: news, msgs) Monday, citing increased optimism about the company's anti-CD11a treatment for psoriasis. U.S. Bancorp analyst Mark Augustine, who rates XOMA a "strong buy", also raised his 52-week target on the stock to $18. Xoma, which is jointly developing anti-CD11a with Genentech (DNA: news, msgs), is up 2 1/8, or 27.2 percent, to 9 15/16. U.S. Bancorp initiated coverage of the Berkley, Calif., developer of products for immunological disorders with a $14 price target on July 11. |