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ValuEngine upgraded ImmunoGen, Inc. (NASDAQ:IMGN) to Hold in a report released today.

ValuEngine has upgraded ImmunoGen, Inc. (NASDAQ:IMGN) to Hold in a report released on Wednesday June 21, 2017.

Yesterday ImmunoGen, Inc. (NASDAQ:IMGN) traded 4.74% higher at $6.02. The company’s 50-day moving average is $6.51 and its 200-day moving average is $5.13. The last stock close price is up 37.86% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 4,285,109 shares of the stock were exchanged, up from an average trading volume of 3,652,260

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ImmunoGen, Inc. (NASDAQ:IMGN)

ImmunoGen, Inc. has a 52 week low of $1.51 and a 52 week high of $8.84 The company’s market cap is currently $0.

In addition to ValuEngine reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $12.61 with 4 firms rating the stock a strong buy, 1 firm rating the stock a buy, 5 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About ImmunoGen, Inc. (NASDAQ:IMGN)

ImmunoGen, Inc. is a clinical-stage biotechnology company that develops targeted cancer therapeutics using its antibody-drug conjugate (ADC) technology. The Company is engaged in the discovery of monoclonal antibody-based anticancer therapeutics. An ADC with the Company's technology comprises an antibody that binds to a target found on tumor cells conjugated to one of its anti-cancer agents as a payload to kill the tumor cell once the ADC has bound to its target. Its product candidates include Mirvetuximab soravtansine; IMGN779; IMGN632; IMGN529, and Coltuximab ravtansine. Its portfolio is led by Mirvetuximab soravtansine, a first-in-class ADC targeting folate-receptor alpha (Fra). Its FORWARD II consists of cohorts assessing Mirvetuximab soravtansine in combination with, in separate doublets, Avastin (bevacizumab), pegylated liposomal doxorubicin (PLD), and carboplatin. The Company has developed tubulin-acting maytansinoid payload agents, which include DM1 and DM4.

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