Why MannKind (MNKD) Stock Is Up Today

NEW YORK (TheStreet) -- MannKind  (MNKD) rose Wednesday after Piper Jaffray upgraded the stock to "neutral" from "underweight" and set a $6.50 price target.

The firm noted the company had a positive FDA panel and the valuation is more attractive ahead of the July 15 Prescription Drug User Fee Act date.

The stock was up 9.88% to $7.23 at 10:38 a.m.

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

MNKD Chart

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STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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