- The eye-popping PT of $18 and an Outperform rating from Wedbush do not seem to be helping Xencor (XNCR +0.3%) shares much today.
- That said, the firm sees a 109% upside from current levels. Wedbush joins fellow underwriter Leerink Swann in the bull camp - the third underwriter of the company's public offering, Credit Suisse, has yet to issue coverage on XNCR.
Wedbush joins Leerink, initiates Xencor at Outperform with PT of $18
Dec 31 2013, 13:21 ET