MyoKardia Inc (MYOK) Gets a Buy Rating from Cowen & Co.

In a report released today, Ritu Baral from Cowen & Co. maintained a Buy rating on MyoKardia Inc (MYOKResearch Report), with a price target of $73. The company’s shares closed last Monday at $55.25.

According to TipRanks.com, Baral is a top 100 analyst with an average return of 22.7% and a 48.8% success rate. Baral covers the Healthcare sector, focusing on stocks such as Milestone Pharmaceuticals Inc, Madrigal Pharmaceuticals Inc, and ACADIA Pharmaceuticals Inc.

Currently, the analyst consensus on MyoKardia Inc is a Strong Buy with an average price target of $78.

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Based on MyoKardia Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $38.17 million. In comparison, last year the company had a GAAP net loss of $18.41 million.

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MyoKardia, Inc. operates as a biopharmaceutical company. It engages in the discovery, development, and commercialization of targeted therapies for the treatment of cardiovascular diseases.