Canaccord analyst Dewy Steadman raised his price target on Paratek Pharmaceuticals to $25 from $14 following meetings with management. The analyst came away encouraged that the story sets up well with reasonable expectations for 2019. He also said the company’s stretch goal of $500M in Nuzyra revenue by 2024 is positively surprising and potentially achievable, but remains out of his estimates for now. Steadman reiterated his Buy rating on Paratek Pharmaceuticals shares.
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