Ladenburg Thalmann Financial Services Initiates Coverage on Ablynx (NASDAQ:ABLX)

Ladenburg Thalmann Financial Services started coverage on shares of Ablynx (NASDAQ:ABLX) in a research note published on Monday, November 20th, MarketBeat reports. The brokerage issued a buy rating and a $30.00 price target on the stock.

A number of other research firms have also recently commented on ABLX. Robert W. Baird started coverage on shares of Ablynx in a research note on Monday, November 20th. They set an outperform rating and a $33.00 target price on the stock. Bank of America started coverage on shares of Ablynx in a report on Friday, November 10th. They set a buy rating and a $26.00 price objective for the company. Finally, J P Morgan Chase & Co started coverage on shares of Ablynx in a report on Monday, November 20th. They issued an overweight rating and a $25.00 target price for the company.

Shares of Ablynx (ABLX) traded up $0.88 during midday trading on Monday, hitting $23.49. 133,757 shares of the stock were exchanged, compared to its average volume of 354,134. Ablynx has a 12-month low of $17.75 and a 12-month high of $23.76.

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