PureTech Health (NASDAQ:PRTC) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of PureTech Health (NASDAQ:PRTC) from a hold rating to a buy rating in a report issued on Wednesday morning, Zacks.com reports. They currently have $45.00 price objective on the stock.

According to Zacks, “PureTech Health plc is a clinical-stage biotherapeutics company. It engages in discovering, developing and commercializing medicines for devastating diseases, including inflammatory and immunological conditions, intractable cancers, lymphatic and gastrointestinal diseases and neurological and neuropsychological disorders. PureTech Health plc is based in Boston, Massachusetts. “

Separately, SVB Leerink lowered their price target on PureTech Health from $76.00 to $70.00 and set an outperform rating for the company in a report on Friday, January 7th.

Shares of NASDAQ PRTC opened at $38.15 on Wednesday. PureTech Health has a twelve month low of $35.00 and a twelve month high of $65.90. The business has a 50 day simple moving average of $40.54 and a 200-day simple moving average of $45.71.

About PureTech Health

PureTech Health plc, a clinical stage biotherapeutics company, discovers, develops, and commercializes medicines for inflammatory, fibrotic and immunological, intractable cancers, lymphatic and gastrointestinal, neurological and neuropsychological, and other diseases in the United States. The company offers KarXT targeting muscarinic acetylcholine receptors to treat schizophrenia and dementia-related psychosis; a hydrogel platform technology to treat obesity and other chronic metabolic diseases; a regenerative biology platform for androgenetic alopecia, epithelial ageing, and other medical conditions; a immunomodulation platform to treat chronic and acute inflammatory disorders; therapies for immune-mediated diseases based on a rationally-defined consortia of human microbiome-derived bacteria; and a digital treatments to treat cognitive dysfunction associated with neurology and psychiatry conditions.

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