Acceleron Pharma (XLRN) Gets a Buy Rating from H.C. Wainwright

H.C. Wainwright analyst Edward White maintained a Buy rating on Acceleron Pharma (XLRNResearch Report) today and set a price target of $88.00. The company’s shares closed last Monday at $49.88, close to its 52-week high of $49.94.

According to TipRanks.com, White is a 5-star analyst with an average return of 20.9% and a 54.8% success rate. White covers the Healthcare sector, focusing on stocks such as Spectrum Pharmaceuticals, Karyopharm Therapeutics, and TRACON Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Acceleron Pharma with a $61.44 average price target.

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The company has a one-year high of $49.94 and a one-year low of $37.01. Currently, Acceleron Pharma has an average volume of 340K.

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Acceleron Pharma, Inc. is a biopharmaceutical company, which engages in the discovery, development, and commercialization of therapeutics to treat serious and rare diseases. Its product candidates include Luspatercept, designed to patients with chronic anemia associated within a wide range of blood diseases; ACE-083, designed for the treatment of focal muscle disorders; and Sotatercept, designed to treat pulmonary arterial hypertension. The company was founded by John L. Knopf and Thomas P. Maneates in June 2003 and is headquartered in Cambridge, MA.