Why Altimmune Stock Is Jumping Today
Shares of Altimmune (NASDAQ: ALT) were jumping 12.2% higher as of 10:58 a.m. EDT on Friday. The big gain came after B. Riley FBR analyst Chad Mabry initiated coverage on the stock with a buy recommendation.
It's important to keep in mind that analysts' buy recommendations change nothing about the underlying prospects for a company. They simply mean that a given analyst is recognizing those prospects. And the analyst's view could be completely on target or dead wrong.
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Source Fool.com