IMV - IMV posts biggest one-day gain in more than a year after bullish call from Wells Fargo

Adam Gault/OJO Images via Getty Images With a loss of over a third of the value, IMV Inc. ([[IMV]] +18.8%) was a laggard among micro-cap healthcare stocks last week. Meanwhile, citing “significant potential upside from the current price,” Wells Fargo has resumed the coverage of IMV with an overweight rating. The price target of $14 implies a premium of ~176.1% to Thursday’s close, and on Friday the company shares recorded the biggest one-day gain since November 2019. The analysts point to a series of potentially value-generating events in the near term for the vaccine candidate maveropepimut-S, including an update on the program targeting ovarian cancer, which could inform a registrational trial likely to start in year-end 2021. Additionally, an investigator-initiated study of maveropepimut-S in breast cancer is on track for initiation in Q3 2021, IMV said, giving an update on its upcoming milestones in May.

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IMV posts biggest one-day gain in more than a year after bullish call from Wells Fargo