Syros Pharmaceuticals (SYRS) Receives a Buy from Oppenheimer

In a report released yesterday, Mark Breidenbach from Oppenheimer assigned a Buy rating to Syros Pharmaceuticals (SYRSResearch Report), with a price target of $13.00. The company’s shares closed last Friday at $7.53.

According to TipRanks.com, Breidenbach is a 4-star analyst with an average return of 11.6% and a 43.2% success rate. Breidenbach covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Iovance Biotherapeutics, and Arvinas Holding Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Syros Pharmaceuticals with a $14.40 average price target.

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The company has a one-year high of $14.69 and a one-year low of $4.26. Currently, Syros Pharmaceuticals has an average volume of 411K.

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Syros Pharmaceuticals, Inc. engages in the development of novel gene control therapies for cancer and other diseases. It has developed a proprietary platform that is designed to systematically and efficiently analyse unexploited region of DNA in human disease tissue to identify and drug novel targets linked to genomically defined patient populations. The firm focuses on developing treatments for cancer and immune mediated diseases and is building a pipeline of gene control medicines. The company was founded by Richard A. Young, Nathanael S. Gray and James E. Bradner on November 9, 2011 and is headquartered in Cambridge, MA.