Ariad kept by JMP at market outperform

Ariad Pharmaceuticals Inc. was reiterated by JMP Securities analyst Charles Duncan at a market outperform rating with a price target on the stock of $8 per share following second-quarter results. Ariad shares Monday dropped $0.30, or 3.94%, to close at $7.32 on volume of 1,427,840 shares versus the three-month running average of 620,242 shares.

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