Madrigal Pharmaceuticals (MDGL) PT Raised to $210.00 at Roth Capital

Madrigal Pharmaceuticals (NASDAQ:MDGL) had its price target boosted by Roth Capital from $170.00 to $210.00 in a research note published on Friday. The firm currently has a buy rating on the biopharmaceutical company’s stock.

A number of other equities analysts have also recently weighed in on MDGL. Evercore ISI restated an outperform rating and set a $175.00 price objective (up from $140.00) on shares of Madrigal Pharmaceuticals in a research report on Thursday, February 8th. HC Wainwright assumed coverage on shares of Madrigal Pharmaceuticals in a research report on Wednesday, November 29th. They set a buy rating and a $54.00 price objective for the company. Zacks Investment Research cut shares of Madrigal Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, January 9th. JMP Securities upped their price objective on shares of Madrigal Pharmaceuticals from $40.00 to $63.00 and gave the stock an outperform rating in a research report on Friday, October 13th. Finally, BidaskClub upgraded shares of Madrigal Pharmaceuticals from a buy rating to a strong-buy rating in a research report on Saturday, January 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $154.20.

Madrigal Pharmaceuticals (NASDAQ MDGL) opened at $135.93 on Friday. The firm has a market cap of $1,900.00, a price-to-earnings ratio of -55.26 and a beta of 1.19. Madrigal Pharmaceuticals has a 12-month low of $13.09 and a 12-month high of $154.75.

Several institutional investors have recently added to or reduced their stakes in the company. EAM Investors LLC purchased a new stake in shares of Madrigal Pharmaceuticals during the fourth quarter worth $5,320,000. Hudson Bay Capital Management LP purchased a new stake in shares of Madrigal Pharmaceuticals during the fourth quarter worth $2,754,000. Monashee Investment Management LLC purchased a new stake in shares of Madrigal Pharmaceuticals during the fourth quarter worth $1,515,000. Citadel Advisors LLC purchased a new stake in shares of Madrigal Pharmaceuticals during the fourth quarter worth $35,002,000. Finally, Virtus Fund Advisers LLC purchased a new stake in shares of Madrigal Pharmaceuticals during the fourth quarter worth $402,000. 21.71% of the stock is owned by institutional investors and hedge funds.

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Madrigal Pharmaceuticals Company Profile

Madrigal Pharmaceuticals, Inc, formerly Synta Pharmaceuticals Corp., is a clinical-stage biopharmaceutical company. The Company focuses on the development and commercialization of therapeutic candidates for the treatment of cardiovascular-metabolic diseases and nonalcoholic steatohepatitis (NASH). The Company’s lead product, MGL-3196, is a Phase II-ready once-daily, oral, liver-directed selective thyroid hormone receptor-b (THR-b) agonist for the treatment of NASH, and heterozygous and homozygous familial hypercholesterolemia (FH).

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