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Ariad Pharmaceuticals, Inc. (ARIA) [hlAlert]

Rating:
Hold ARIA

Ariad Pharmaceuticals, Inc. (ARIA) downgraded to Hold with price target $24 by Maxim Group

Posted on: Wednesday,  Oct 9, 2013  4:25 PM ET by Maxim Group

Maxim Group rated Hold Ariad Pharmaceuticals, Inc. (NASDAQ: ARIA) on 10/09/2013. Previously Maxim Group rated Buy Ariad
Pharmaceuticals, Inc. (NASDAQ: ARIA) on 09/30/2013., when the stock price was $18.24. Since then, Ariad Pharmaceuticals, Inc. has lost 68.20% of its value until Maxim Group rated ARIA Buy on 10/09/2013, when the price was $5.80. .

Ariad Pharmaceuticals is engaged in the discovery and development of novel pharmaceuticals based on intracellular signaling technology. The Company has established highly integrated capabilities in functional genomics, molecular cell biology, structure based drug design, combinatorial chemistry and pharmacology. The company is developing small-molecule drugs that block signal transduction pathways in cells responsible for osteoporosis, and immune and inflammatory diseases.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/26/2014 9:25 AM Buy
None
8.55 11.00
as of 12/13/2013
1 Week   
1 Month   
3 Months down  -71.91 %
1 YTD down  -69.76 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/9/2013 4:25 PM Hold
None
5.80 24.00
9/30/2013 12:25 PM Buy
None
18.24 24.00
9/18/2012 10:25 AM Buy
None
23.76 28.00
1/19/2012 8:25 AM Buy
None
14.53 20.00

(*) Stock Price at the time of the recommendation.
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