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Analysts Offer Insights on Healthcare Companies: AbCellera Biologics (ABCL) and Fennec Pharmaceuticals (FENC)

Tipranks - Thu Apr 23, 10:02AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on AbCellera Biologics (ABCL) and Fennec Pharmaceuticals (FENC) with bullish sentiments.

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AbCellera Biologics (ABCL)

In a report released today, Debanjana Chatterjee from JonesTrading reiterated a Buy rating on AbCellera Biologics, with a price target of $11.00. The company’s shares closed last Wednesday at $4.12.

According to TipRanks.com, Chatterjee is a 5-star analyst with an average return of 48.0% and a 69.4% success rate. Chatterjee covers the Healthcare sector, focusing on stocks such as Contineum Therapeutics, Inc. Class A, Sagimet Biosciences, Inc. Class A, and Sionna Therapeutics, Inc. ;'>

Currently, the analyst consensus on AbCellera Biologics is a Strong Buy with an average price target of $8.33, which is a 105.7% upside from current levels. In a report issued on April 15, Truist Financial also maintained a Buy rating on the stock.

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Fennec Pharmaceuticals (FENC)

Craig-Hallum analyst Chase Knickerbocker maintained a Buy rating on Fennec Pharmaceuticals today. The company’s shares closed last Wednesday at $6.59.

According to TipRanks.com, Knickerbocker is a top 100 analyst with an average return of 35.3% and a 59.0% success rate. Knickerbocker covers the Healthcare sector, focusing on stocks such as Phathom Pharmaceuticals, Xtant Medical Holdings, and Diamedica Therapeutics. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Fennec Pharmaceuticals with a $15.00 average price target, a 127.3% upside from current levels. In a report issued on April 8, H.C. Wainwright also reiterated a Buy rating on the stock with a $13.00 price target.

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