Why Liquidia Stock Rose as Much as 22% Higher Today

Liquidia Technologies (NASDAQ: LQDA) stock went on quite a ride during Thursday's trading session. On the back of a new analyst take on the company, its shares climbed almost 22% higher in early action before settling down to a gain of slightly over 10% on the day.

Bank of America Securities was the entity behind the analysis. The bank's Greg Harrison initiated coverage on Liquidia Thursday morning with a buy recommendation at a price target of $12 per share. That's more than three times the level at which the stock closed on Wednesday.

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Source Fool.com