Why Veru Stock Blasted Higher on Friday

A glowing research note was the catalyst behind the bull run on Veru (NASDAQ: VERU) shares on Friday. The biotech's stock closed nearly 14% higher on that fresh blast of optimism.

The note was authored by Veru bull Leland Gershell of Oppenheimer. In a research note made public Friday morning, the analyst strongly reiterated his buy rating on the stock, along with his $26-per-share price target -- which is nearly three times its current level.

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Source Fool.com