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H.C. Wainwright Weighs In on Agenus Inc (AGEN) Following 2Q:16 Update

In a research report released Friday, H.C. Wainwright analyst Swayampakula Ramakanth reiterated a Buy rating on shares of Agenus Inc. (NASDAQ:AGEN), with a price target of $10, after the company reported second-quarter financials and provided investors with an update on its clinical progress. Yesterday, following the release, shares of Agenus rose nearly 9% to $5.38.

Ramakanth noted, “On the surface, the company may seemed to show little activity in the last six months, but looking deeper, we...