Why Infinity Pharmaceuticals Blasted 38% Higher Today

·2 min read
Why Infinity Pharmaceuticals Blasted 38% Higher Today

Clinical-stage biotech Infinity Pharmaceuticals (NASDAQ: INFI) had a big and bright Monday, with its stock closing the session more than 38% higher. The rocket that lifted it was ignited by a prominent investment bank's upgrade, the latest in a series of analyst upgrades for the stock. The newest bull for Infinity is Anupam Rama at JPMorgan Chase unit JPMorgan.

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