Vaccitech Shares Surge as Alliance Global Initiates Coverage

Dow Jones2023-09-26

By Josh Beckerman

Shares of Vaccitech more than doubled to $3.53 Monday after Alliance Global Partners discussed its prospects for blockbuster drugs.

Volume was more than 34 million shares, compared with a 65-day average of 13,485. The stock is up about 51% for the year. On Friday, Vaccitech shares closed at $1.68.

Alliance Global initiated coverage with a buy rating and $12 price target, citing projections for VTP-300, which targets hepatitis B, and VTP-200 for human papillomavirus infection.

Analyst James Molloy wrote that "If ultimately successful in clinical trials and approved, we believe VTP-300 is a legitimate potential blockbuster drug ($1B+ in sales) worldwide." Molloy added that VTP-300 could be a blockbuster drug if it is approved and that the company's development pipeline is deep and varied beyond these two drugs.

Morgan Stanley, meanwhile, reduced its rating to equal-weight from overweight and reduced its price target to $3.25 from $14.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

September 25, 2023 15:45 ET (19:45 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2370297667?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-09-26 03:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2370297667","market":"us","top_or_hot":-1,"title":"Vaccitech Shares Surge as Alliance Global Initiates Coverage","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Josh Beckerman \n</p>\n<pre>\n \n</pre>\n<p>\n  Shares of Vaccitech more than doubled to $3.53 Monday after Alliance Global Partners discussed its prospects for blockbuster drugs. \n</p>\n<p>\n  Volume was more than 34 million shares, compared with a 65-day average of 13,485. The stock is up about 51% for the year. On Friday, Vaccitech shares closed at $1.68. \n</p>\n<p>\n  Alliance Global initiated coverage with a buy rating and $12 price target, citing projections for VTP-300, which targets hepatitis B, and VTP-200 for human papillomavirus infection. \n</p>\n<p>\n  Analyst James Molloy wrote that \"If ultimately successful in clinical trials and approved, we believe VTP-300 is a legitimate potential blockbuster drug ($1B+ in sales) worldwide.\" Molloy added that VTP-300 could be a blockbuster drug if it is approved and that the company's development pipeline is deep and varied beyond these two drugs. \n</p>\n<p>\n  Morgan Stanley, meanwhile, reduced its rating to equal-weight from overweight and reduced its price target to $3.25 from $14. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2023 15:45 ET (19:45 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Vaccitech Shares Surge as Alliance Global Initiates Coverage</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVaccitech Shares Surge as Alliance Global Initiates Coverage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-26 03:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Josh Beckerman \n\n\n \n\n\n  Shares of Vaccitech more than doubled to $3.53 Monday after Alliance Global Partners discussed its prospects for blockbuster drugs. \n\n\n  Volume was more than 34 million ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MS","symbol_name":"摩根士丹利","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2370297667","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2370297667","pubTimestamp":1695671100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Vaccitech more than doubled to $3.53 Monday after Alliance Global Partners discussed its prospects for blockbuster drugs.Volume was more than 34 million shares, compared with a 65-day average of 13,485. The stock is up about 51% for the year. On Friday, Vaccitech shares closed at $1.68.Alliance Global initiated coverage with a buy rating and $12 price target, citing projections for VTP-300, which targets hepatitis B, and VTP-200 for human papillomavirus infection.Analyst James Molloy wrote that \"If ultimately successful in clinical trials and approved, we believe VTP-300 is a legitimate potential blockbuster drug  worldwide.\" Molloy added that VTP-300 could be a blockbuster drug if it is approved and that the company's development pipeline is deep and varied beyond these two drugs.Morgan Stanley, meanwhile, reduced its rating to equal-weight from overweight and reduced its price target to $3.25 from $14.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MS":"摩根士丹利","BK4127":"投资银行业与经纪业","BK4539":"次新股","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","BK4139":"生物科技","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","BK4588":"碎股","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4504":"桥水持仓","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4581":"高盛持仓","LU0106831901.USD":"贝莱德世界金融基金A2"},"translate_title":"全球联盟发起覆盖，Vaccitech股价飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VACC":0.9,"MS":0.9},"content_text":"By Josh Beckerman \n\n\n \n\n\n  Shares of Vaccitech more than doubled to $3.53 Monday after Alliance Global Partners discussed its prospects for blockbuster drugs. \n\n\n  Volume was more than 34 million shares, compared with a 65-day average of 13,485. The stock is up about 51% for the year. On Friday, Vaccitech shares closed at $1.68. \n\n\n  Alliance Global initiated coverage with a buy rating and $12 price target, citing projections for VTP-300, which targets hepatitis B, and VTP-200 for human papillomavirus infection. \n\n\n  Analyst James Molloy wrote that \"If ultimately successful in clinical trials and approved, we believe VTP-300 is a legitimate potential blockbuster drug ($1B+ in sales) worldwide.\" Molloy added that VTP-300 could be a blockbuster drug if it is approved and that the company's development pipeline is deep and varied beyond these two drugs. \n\n\n  Morgan Stanley, meanwhile, reduced its rating to equal-weight from overweight and reduced its price target to $3.25 from $14. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 25, 2023 15:45 ET (19:45 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2370297667"}