Trevi Therapeutics (TRVI) Gets a Buy Rating from Needham

By Ryan Adsit

In a report released today, Serge Belanger from Needham maintained a Buy rating on Trevi Therapeutics (TRVIResearch Report), with a price target of $18.00. The company’s shares closed last Monday at $3.90, close to its 52-week low of $2.65.

According to TipRanks.com, Belanger is a 1-star analyst with an average return of -1.7% and a 38.6% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Collegium Pharmaceutical.

Trevi Therapeutics has an analyst consensus of Moderate Buy, with a price target consensus of $18.00.

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The company has a one-year high of $10.62 and a one-year low of $2.65. Currently, Trevi Therapeutics has an average volume of 13.11K.

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Trevi Therapeutics, Inc. is a clinical stage biopharmaceutical company, which engages in the development and commercialization of treatment for neurologically mediated conditions. It focuses on the formulation of nalbuphine ER, which use to treat chronic pruritus, chronic cough in patients with idiopathic pulmonary fibrosis, and levodopa-induced dyskinesia in patients with Parkinson’s disease. The company was founded by Thomas R. Sciascia and Jennifer L. Good on March 17, 2011 and is headquartered in New Haven, CT.