Rodman & Renshaw Starts (QNTM) at Buy

Rodman & Renshaw analyst Michael King Jr. initiates coverage on (NASDAQ: QNTM) with a Buy rating and a price target of $8.00.

The analyst comments "We are initiating coverage of Quantum BioPharma with a BUY rating and $8 price target based on LUCID-MS, a potentially first-in-class non-immunomodulatory small molecule positioned to address neurodegeneration and disability progression in progressive multiple sclerosis, where therapeutic options remain limited."

For an analyst ratings summary and ratings history on click here. For more ratings news on click here.

Shares of closed at $3.08 yesterday.

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