Why Altimmune Stock Is Soaring Today

Shares of Altimmune (NASDAQ: ALT) were soaring 9.7% higher as of 10:30 a.m. EST on Monday after rising as much as 14.6% earlier in the morning. The big jump came after Jefferies analyst Kelechi Chikere initiated coverage on the stock with a buy recommendation and a price target representing a 100% increase over Altimmune's closing price on Friday.

Sometimes Wall Street analysts' views are right, but sometimes they're wrong. However, it always makes sense to at least understand their reasoning.

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Source Fool.com