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William Blair initiates coverage on Eyenovia with an Outperform rating
Summary
Drugmaker Eyenovia Inc. (NASDAQ: EYEN) received an ‘outperform’ rating from William Blair. The broker anticipates improved delivery of ophthalmic therapies.
EYEN has a mean recommendation rating of 1.5 on five, as per data available on Refinitiv. Here, one represents a ‘strong buy’ rating and five represents a ‘strong sell' rating. Meanwhile, the consensus mean price target on EYEN is US$11.67, a potential upside of a massive 727% over EYEN’s closing price on Wednesday.
The stock price rose 12.3% on November 1, 2023, after it received the rating from William Blair. On Wednesday, November 1, 2023, EYEN closed at US$1.41, an intraday rise of 21.55%.
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