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Why iBio Stock Soared Today


Shares of iBio (NYSEMKT: IBIO) surged on Friday following positive analyst commentary. As of 1:35 p.m. EDT, the biologics manufacturer's stock was up more than 14%. 

Cantor Fitzgerald analyst Kristen Kluska placed an overweight rating on iBio's stock after the market close on Thursday. She sees the biotech's shares rising roughly 80% from their current price near $1.66, to $3.

iBio's shareholders could enjoy handsome gains, according to an analyst at Cantor Fitzgerald. Image source: Getty Images.

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Source Fool.com

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