By Liz Moyer
Investing.com — Novavax Inc (NASDAQ:) jumped 20% on Monday as traders cheered promising information about its Covid-19 vaccine candidate.
The corporate mentioned final month is two-shot drug is 89.3% efficient, and has proven constructive outcomes even towards harder virus strains within the U.Ok. and South Africa. Its part 3 medical trials have been executed within the U.Ok.
Analysts have been elevating their worth targets on the inventory. On Monday, B. Riley analysts, who charge it a purchase, moved their goal as much as $334 from $223. Final week, JP Morgan, which additionally charges the inventory a purchase, raised its worth goal to $295 from $216. The inventory at present trades round $264, setting a 52-week excessive on Monday.
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