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Ligand Pharmaceuticals Incorporated (LGND) [hlAlert]

Rating:
Positive LGND
up 585.95 %

Ligand Pharmaceuticals Incorporated (LGND) upgraded to Positive with price target $7 by Susquehanna Financial

Posted on: Thursday,  May 29, 2008  8:25 AM ET by Susquehanna Financial

Susquehanna Financial rated Positive Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) on 05/29/2008. Previously Susquehanna Financial
rated None Ligand Pharmaceuticals Incorporated (NASDAQ: LGND) on 12/07/2007., when the stock price was $28.74. Since then, Ligand Pharmaceuticals Incorporated has lost 52.19% as of 05/29/2008's recent price of $13.74.

Ligand Pharmaceuticals Incorporated discovers, develops and markets new drugs that address critical unmet medical needs of patients in the areas of cancer, pain, skin diseases, men's and women's hormone-related diseases, osteoporosis, metabolic disorders, and cardiovascular and inflammatory diseases. Ligand's proprietary drug discovery and development programs are based on its leadership position in gene transcription technology, primarily related to intracellular receptors.

Since its inception in 1987, the Susquehanna International Group of Companies (SIG)* has grown from a trading firm on the Philadelphia Stock Exchange to one of the largest privately held financial institutions in the world. With more than 1,500 employees worldwide, SIG sits at the helm of the latest trends and developments in trading and market making, institutional sales, research, private equity, venture capital, and investment banking. SIG has offices across North America, Europe, Asia, and Australia. SIG distinguishes itself through its global market presence, capital commitment, and its grasp of trading dynamics. It excels at decision theory and implementing sophisticated pricing probability models.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/29/2008 8:25 AM Buy
None
13.74 42.00
as of 12/24/2008
1 Week down  -1.40 %
1 Month up  1.08 %
3 Months up  40.00 %
1 YTD up  2.18 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/7/2007 9:25 AM None
None
28.74

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