Cowen & Co. Remains a Buy on Acorda Therapeutics (ACOR)

By Jason Carr

In a report released today, Phil Nadeau from Cowen & Co. maintained a Buy rating on Acorda Therapeutics (ACORResearch Report), with a price target of $10.00. The company’s shares closed last Monday at $2.12, close to its 52-week low of $1.49.

According to TipRanks.com, Nadeau is a 5-star analyst with an average return of 9.0% and a 53.2% success rate. Nadeau covers the Healthcare sector, focusing on stocks such as Phasebio Pharmaceuticals, Alexion Pharmaceuticals, and BioMarin Pharmaceutical.

The word on The Street in general, suggests a Hold analyst consensus rating for Acorda Therapeutics with a $6.17 average price target.

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Based on Acorda Therapeutics’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $264 million. In comparison, last year the company had a net profit of $9.6 million.

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Acorda Therapeutics, Inc. engages in the development of therapies that restore function and improve the lives of people with neurological disorders. Its two main products are Ampyra and Zanaflex Capsules.