Alliance Global Partners analyst James Molloy upgraded BioCardia (BCDA) to Buy from Neutral with a $6 price target The company recently announced multiple clinical updates regarding its lead CardiAMP cell therapy platform BCDA-01, which has completed the last patient follow-up and should report final 24-month data in Q1, the analyst tells investors in a research note. The firm cites potential positive upcoming catalysts in Q1 and the stock’s “low current valuation” for the upgrade.
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