Savara Inc (NASDAQ: SVRA) is having an overwhelmingly strong start to the trading session in the pre-market hours this morning and for good reason. Not only did the company announce yesterday that it would be providing a key presentation relatively soon, Jefferies has initiated coverage with an overwhelmingly favorable view. Of course, this led to excitement among investors, pushing the stock toward the top and prompting our partners at Trade Ideas to alert us to the gains. At the moment (9:18), SVRA is trading at $10.37 per share after a gain of 9.50% thus far today.
SVRA Gains On Jefferies Coverage & Coming Presentation
As mentioned above, Savara is having an overwhelmingly strong start to the trading session this morning after it was announced that Jefferies has initiated coverage on the stock. Analysts at Jefferies have rated the stock a buy, offering a $20 price target. That's an incredible target considering that the stock closed at $9.47 yesterday. This means that Jefferies sees a potential 111.19% upside!
However, the coverage from Jefferies isn't the only news that we've seen from the company as of late. In fact, yesterday, the company announced through a press release that it would be providing a presentation at the Cantor Fitzgerald 2017 Global Healthcare Conference. The conference will be held on Wednesday September 27, 2017 at 11:30 a.m. Eastern Time. The conference will take place at the InterContinental New York Barclay Hotel. If you're interested in listening to the live audio webcast, you can do so by going to the company's website, www.savarapharma.com. The webcast will also be available on the company's website for 30 days.
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What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on SVRA. In particular, we're interested in following the company to see if Jefferies was correct with their overwhelmingly positive expectations. We're also excited for the coming presentation and will be reporting on that shortly after the presentation ends. So, stick with us... we'll be following the news closely and bringing it to you as it breaks!
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