Mecca Capital Fund, Mecca Capital Partners Initiates a Buy Rating on Immuron Limited (NASDAQ: IMRN)
Mecca Capital Fund, Mecca Capital Partners Initiates a Buy Rating on Immuron Limited (NASDAQ: IMRN)
Immuron Limited (NASDAQ:IMRN)
ATLANTA, GA, UNITED STATES, September 23, 2024 /EINPresswire.com/ -- Analyst Arham Khan of Mecca Capital Fund, Mecca Capital Partners initiated a Buy rating on Immuron Limited (NASDAQ: IMRN) with a price target of $4.16.In the report analyst Arham Khan indicates that he evaluated IMRN on the model based on reflecting Travelan sales growth with long-term profitability achieved after marketing spend, as a percent of revenue, tapers lower. In this approach, our model delineates 55% upside or a $4.16 price target (NASDAQ: IMRN). The research report can be found on FactSet, Refinitiv, Capital IQ, Alpha Sense, ResearchTree, Research Pool and Morningstar.
About Immuron
Immuron Limited (ASX: IMC, NASDAQ: IMRN), is an Australian biopharmaceutical company focused on developing and commercializing orally delivered targeted polyclonal antibodies for the treatment of infectious diseases.
For more information on the Company, please log on to https://www.immuron.com.au
About Landon Capital
Landon Capital was founded in 2017 and has assisted hundreds of emerging growth companies increase their shareholder base and build relationships on Wall Street. We design customized programs to increase the market's interest in your company. For more information, please visit https://landoncapital.net
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Landon Capital received no direct compensation related to this release, although Landon Capital does hold a position in the company covered above. This release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Actual results may differ materially from those stated or implied in.
Keith Pinder
Landon Capital
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