In a report issued on August 24, Soumit Roy from JonesTrading downgraded Trillium Therapeutics (TRIL – Research Report) to Hold, with a price target of $18.50. The company’s shares closed last Monday at $17.20.
According to TipRanks.com, Roy is a 5-star analyst with an average return of 34.8% and a 46.4% success rate. Roy covers the Healthcare sector, focusing on stocks such as Crinetics Pharmaceuticals, Actinium Pharmaceuticals, and Monopar Therapeutics Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Trillium Therapeutics with a $18.50 average price target, implying a 6.8% upside from current levels. In a report issued on August 23, H.C. Wainwright also downgraded the stock to Hold with a $18.50 price target.
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Based on Trillium Therapeutics’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10K and GAAP net loss of $18.4 million. In comparison, last year the company earned revenue of $115K and had a GAAP net loss of $23.22 million.
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Trillium Therapeutics Inc. is a clinical stage immuno-oncology company, which engages in the development of therapies for the treatment of cancer. Its pipeline is comprised of TTI-621, TTI-622, and TTI-2341(EGFR Inhibitor). The company was founded on March 31, 2004 and is headquartered in Mississauga, Canada.
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