KeyBanc raised the firm’s price target on BioLife Solutions (BLFS) to $33 from $30 and keeps an Overweight rating on the shares. BioLife, under its new CEO, has completed a quick succession of three asset sales, and the firm’s proforma models show a high-growth and high-margin business with its dominance of freeze media for the cell, gene, and CAR-T markets, the analyst tells investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BLFS:
- BioLife Solutions price target lowered to $27 from $29 at H.C. Wainwright
- BioLife Solutions (BLFS) Makes Promising Strategic Pivot
- BioLife Solutions announces $6.1M sale of freezer subsidiary, Arctic Solutions
- BioLife Solutions price target raised to $32 from $30 at Craig-Hallum
- BioLife Solutions price target raised to $30 from $28 at Lake Street