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Analysts Offer Insights on Healthcare Companies: Pliant Therapeutics (PLRX) and Lexicon Pharmaceuticals (LXRX)

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Pliant Therapeutics (PLRXResearch Report) and Lexicon Pharmaceuticals (LXRXResearch Report) with bullish sentiments.

Pliant Therapeutics (PLRX)

In a report released yesterday, Thomas Shrader from BTIG maintained a Buy rating on Pliant Therapeutics, with a price target of $51.00. The company’s shares closed last Tuesday at $21.30.

According to TipRanks.com, Shrader is a 1-star analyst with an average return of -0.6% and a 35.4% success rate. Shrader covers the Healthcare sector, focusing on stocks such as Eiger Biopharmaceuticals, Coya Therapeutics, Inc., and Acumen Pharmaceuticals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pliant Therapeutics with a $48.62 average price target, representing a 125.8% upside. In a report issued on May 18, Canaccord Genuity also initiated coverage with a Buy rating on the stock with a $48.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Lexicon Pharmaceuticals (LXRX)

According to TipRanks.com, Nochomovitz is a 5-star analyst with an average return of 9.2% and a 46.2% success rate. Nochomovitz covers the Healthcare sector, focusing on stocks such as Opthea Limited Sponsored ADR, Ultragenyx Pharmaceutical, and Apellis Pharmaceuticals.

Currently, the analyst consensus on Lexicon Pharmaceuticals is a Moderate Buy with an average price target of $7.00.

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