Legend Biotech (NASDAQ:PLRX) Coverage Initiated at Cowen

Research analysts at Cowen initiated coverage on shares of Legend Biotech (NASDAQ:PLRX) in a research note issued on Monday, Marketbeat reports. The brokerage set an “outperform” rating on the stock.

PLRX has been the subject of a number of other reports. Citigroup began coverage on shares of Legend Biotech in a research note on Monday. They set a “buy” rating and a $40.00 target price for the company. Piper Sandler started coverage on Legend Biotech in a report on Monday. They issued an “overweight” rating and a $50.00 price objective for the company. Finally, Needham & Company LLC started coverage on Legend Biotech in a report on Monday. They issued a “buy” rating and a $40.00 price objective for the company.

Shares of PLRX opened at $32.46 on Monday. Legend Biotech has a 12-month low of $21.05 and a 12-month high of $35.63.

Legend Biotech Company Profile

Pliant Therapeutics, Inc, a biotechnology company, discovers, develops, and commercializes treatments for fibrotic diseases. The company focuses on tissue-specific integrin modulation and EMT inhibition fibrosis diseases in lungs, liver, muscle, kidney, skin, heart, and the gastrointestinal tract. Its pipeline includes PLN-74809, an inhibitor of aVß1/aVß6 for idiopathic pulmonary fibrosis and primary sclerosing cholangitis; and PLN-1474, an inhibitor of TGF-ß activation by the integrin aVß1 for the treatment of end-stage liver fibrosis in NASH.

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