Evercore ISI Initiates Coverage on Apellis Pharmaceuticals (APLS)

Analysts at Evercore ISI started coverage on shares of Apellis Pharmaceuticals (NASDAQ:APLS) in a research note issued to investors on Monday, MarketBeat.com reports. The brokerage set an “outperform” rating on the stock.

A number of other research firms also recently weighed in on APLS. Citigroup began coverage on shares of Apellis Pharmaceuticals in a research report on Monday. They set a “buy” rating and a $23.00 target price for the company. J P Morgan Chase & Co began coverage on shares of Apellis Pharmaceuticals in a research report on Monday. They set an “overweight” rating and a $31.00 target price for the company.

Shares of Apellis Pharmaceuticals (NASDAQ:APLS) opened at $13.73 on Monday. Apellis Pharmaceuticals has a 52-week low of $12.45 and a 52-week high of $15.41.

In related news, major shareholder Global Strategic Fund I. Venbio bought 127,515 shares of Apellis Pharmaceuticals stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $14.00 per share, with a total value of $1,785,210.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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Apellis Pharmaceuticals Company Profile

Apellis Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company focuses on the discovery and development of therapeutic compounds for autoimmune and inflammatory diseases. The Company’s lead compounds are designed to inhibit complement component 3 (C3), the central protein in the complement cascade.

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