Five Prime Therapeutics gets bullish new coverage

Analysts are out with a bevy of upbeat coverage initiations for Five Prime Therapeutics (FPRX).

Jefferies: Buy, PT $20.

Wells Fargo: Outperform, PT $18.

Guggenheim: Buy, PT $20.

BMO: Outperform, PT $24.

Look for data from a Phase 1b trial of GSK-partnered FP-1039 (it's an FGF pathway inhibitor) late next year.

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