Oppenheimer Remains a Hold on Millendo Therapeutics (MLND)

By Austin Angelo

In a report released yesterday, Jay Olson from Oppenheimer maintained a Hold rating on Millendo Therapeutics (MLNDResearch Report), with a price target of $2.00. The company’s shares closed last Wednesday at $1.96, close to its 52-week low of $1.26.

According to TipRanks.com, Olson has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -6.6% and a 40.3% success rate. Olson covers the Healthcare sector, focusing on stocks such as Madrigal Pharmaceuticals, ACADIA Pharmaceuticals, and Enanta Pharmaceuticals.

The word on The Street in general, suggests a Hold analyst consensus rating for Millendo Therapeutics with a $3.00 average price target.

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Based on Millendo Therapeutics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $12 million. In comparison, last year the company had a GAAP net loss of $10.37 million.

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Millendo Therapeutics, Inc. is a biopharmaceutical company. The company is engaged in the development of novel treatments for endocrine diseases. Its products include livoletide and nevanimibe. The company was founded in April, 2011 and is headquartered in Ann Arbor, MI.