Unilife rebounds as Jefferies defends shares

|About: Unilife Corporation (UNIS)|By:, SA News Editor

Shares of Unilife (UNIS -0.2%) have bounced off morning lows to trade essentially unchanged after a pair of bearish articles pressured the stock early on.

Jefferies is out in defense, saying that with "the list of announced deals with blue chip companies seeming to grow by the day, UNIS finally appears to be delivering on its promises."

Buy rating reiterated.

Price target hiked to $6 from $3.50.