Piper Sandler has decided to maintain its Overweight rating of Altimmune (NASDAQ:ALT) and lower its price target from $34.00 to $25.00.

Shares of Altimmune are trading down 0.57% over the last 24 hours, at $5.26 per share.

A move to $25.00 would account for a 375.29% increase from the current share price.

About Altimmune

Altimmune Inc is a United States-based clinical-stage immunotherapeutic biotechnology company. It is involved in the business of developing products that engage, stimulate and improve immune responses for the prevention and treatment of liver diseases. The firm's product candidates include NasoVAX, HepTcell, ALT-801, T-COVID, and NasoShield. It also develops platform technologies such as RespirVec and Densigen. The company generates its revenue from cost plus fee contracts and fixed-price contracts.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.