New York, March 15 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities maintain their BUY rating on the shares of Anacor Pharmaceuticals (NASDAQ: ANAC). The 12-month target price is set to $11.
In a research note published yesterday, the analysts reiterate their BUY rating following the Q4 results. ANAC is an upcoming pharmaceutical company developing new boron chemistry-based drugs, an area overlooked by the industry til date. The company has created various compounds with disease-specific selectivity by inflecting boron’s reactivity to optimize with biological targets. The analysts maintain a BUY rating based on promising product pipeline emerging from this technology blended with appealing valuation.
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