Goal CEO Brian Cornell says George Floyd’s homicide pushed him to take motion

Brian Cornell, Chairman and Chief Executive Officer of Target Corporation.

Anjali Sundaram | CNBC

When George Floyd was killed a year ago aim CEO Brian Cornell said he was rocked by the murder. He was concerned that it had happened so close to the company’s headquarters in his hometown.

“It could have been one of my Target team members,” he said, sharing his thoughts as he watched the video of Floyd taking his final breaths.

Cornell drew the curtain back on Tuesday on the Minneapolis-based retailer’s response to the murder and how it was led to step up its own corporate diversity and equity efforts. He spoke to in an extensive interview Ulta Beauty CEO Mary Dillon, which was hosted by the Economic Club of Chicago. The event, which was originally scheduled for last Tuesday, was postponed before the verdict in the murder trial of former Minneapolis police officer Derek Chauvin on the same day. Chauvin was found guilty in all three cases in the Floyd assassination.

As a young boy, Cornell grew up in a diverse neighborhood in Queens, New York and was raised by a single mother. As an adult, he and his family lived in Asia and Europe. These personal experiences inspired his respect for women as leaders and the importance of cultural diversity, he said.

Still, he said Floyd’s murder stood apart and forced him to do more.

“I realize that it is time to take it to another level and that we as CEOs need to be the leaders of the diversity and inclusion company,” he said. “We have to be the role models driving change and our voice is important. And we have to make sure that we represent our company principles, our values ​​and our corporate purpose in the topics that are important to our teams.”

In May of last year, in the days that followed, Cornell said Target had put together a special committee to review what steps the company could take to make its workforce, C-suite and business practices better reflect the diversity of the country. He said Target has considered how it can support and promote black workers, play a role in communities, and “use our voice at the national level in influencing citizen debates and policies.”

The goal is one of many companies that have committed to do more to promote racial justice After Floyd’s murder, protests erupted in major cities and around the world. Among its commitments, the big box retailer said it would increase the representation of black employees over the workforce by 20% in the next year. The company has developed a new program that allows black entrepreneurs to develop, test, and scale products to sell at mass retailers like Target. And it promised Spend more than $ 2 billion on black-owned businesses by 2025, from construction companies building or remodeling stores to advertising companies promoting their brand.

Cornell noted the diversity of Target’s 350,000+ employees, including the board of directors and the executive team. More than half of its 1,900 or so businesses are run by female directors and over a third by black people, Cornell said.

He said he wanted the retailer to be a leader and was particularly aware during the trial last week that “the eyes of America and the eyes of the world were on Minneapolis”.

“For so many of us, this judgment was a sign of progress, a sign of accountability, but also an acknowledgment that the work is just beginning,” he said.

Baltimore Symphony Orchestra CEO to step down subsequent yr | Leisure

BALTIMORE (AP) – Peter Kjome will step down as President and CEO of the Baltimore Symphony Orchestra when his contract ends in January 2022, the organization announced on Monday.

Kjome’s departure, coupled with the organization’s search for a music director to replace Marin Alsop, will mean a full turnover in running the orchestra. The Baltimore sun reported.

The BSO staff was informed of Kjome’s plans to leave on Monday morning, a spokeswoman for the organization said. After his contract expires, he will act as a consultant to ensure a smooth transition.

Alsop announced last year that she would step down as the orchestra’s music director when her contract expires on August 31, 2021. When Alsop was appointed by the BSO in 2007, she was the first woman to receive the top post with a major American symphony orchestra. If she leaves, she will be the second longest of the 12 music directors who have served as the BSO’s artistic director since its inception in 1916.

As for Kjome, the Board of Directors will conduct a national search for his replacement.

“Peter Kjome has made outstanding contributions at a time of important progress for the Baltimore Symphony Orchestra,” said Barry Rosen, chairman of the board of directors, in a press release.

For copyright information, please contact the reseller of this article, The Baltimore Sun.

Genesee Well being Plan CEO says county pushed for cash earlier than placing contract out for bids

GENESEE COUNTY, MI – The chief executive officer of the Genesee Health Plan says district officials have started discussions about replacing his group as administrator of a program that will only help the working poor after they have urged millage funds for other uses to use.

“They wanted to take millage dollars and help with their budget deficit …” said Jim Milanowski, President and CEO of GHP. “Millage wasn’t chosen for that.”

The County Board of Commissioners voted last week to prepare a call for proposals for organizations interested in managing the uninsured health program after failing to reach an agreement on an updated contract with the Genesee Health Plan, which has been on the job more than 14 years fulfilled years.

Mark Young, county chairman of the board of directors, D-Grand Blanc, said Thursday April 22 that commissioners are not trying to take money from Millage for healthcare, which raises more than $ 9 million annually, but they want GHP to enroll inmates in the Millage program, a change that would save money for the county’s general fund.

“It’s just about making sure the Millage money is used to cover everyone in the county,” Young said.

Milanowski said GHP officials, who started with funding from hospitals and foundations in 2001, have to decide as an organization what to do next.

“This (decision to seek other suggestions) surprised us,” he said. “We kept our promises. We are confident that we can continue the work. “

GHP grew to 27,000 uninsured county’s residents after voters approved a nationwide property tax of 1 million in November 2006 in support of health programs for the uninsured working poor.

Since the Affordable Care Act was passed, that number has dropped to about 4,500, but Milanowski said the services have expanded and all Millage funds will continue to be used for services.

“We are very confident that everything can work out,” he said. “We really appreciated our relationship with the county.”

The CEO said he could not agree to an amended contract proposed by commissioners earlier this month due to issues including adding a language to allow inmates to enroll with GHP.

The proposal lacked details of how services would be provided and how invoices and payments would be made, Milanowski said.

“Our staff can’t just go to jail and enroll inmates,” he said.

Milanowski said the county has legal responsibility for inmate health care and GHP is only intended for those who have no other source of medical care.

The latest troubles between the county and GHP emerge seven months after Milanowski appeared before commissioners to speak against a proposed $ 1.5 million cut in its agency, a cut the county made before the current one was passed Has abandoned the budget.

A divided county board eventually approved a general fund budget of $ 99.6 million, with the cash reserves used to offset the county’s original proposed $ 1.5 million cut for GHP.

Milanowski said GHP has not yet received any millage funds from the county this year.

The amended contract proposal between the county and GHP stipulates that repayments will be made to the organization after it has submitted an invoice for the services it has provided.

The Commissioners have stated that the decision to solicit proposals from other groups interested in the implementation of the program is part of their oversight responsibility for taxpayers’ money.

Last year the county signed a Memorandum of Understanding with another organization that receives millage funds – the Flint Cultural Center – that requires county residents to get discounts on concert and show tickets if they pay a millage property tax that supports the arts.

Read more about MLive:

Genesee County is considering replacing Genesee Health Plan

The Genesee County Split Commission approves a new budget on the last day of the fiscal year

The new offer for the Genesee art tax provides for tickets with a discount of at least 30 percent

Boeing raises necessary retirement age for CEO Calhoun by 5 years, CFO to retire

Dave Calhoun, Boeing Chairman

Adam Jeffery | CNBC

Boeing It was announced on Tuesday that the mandatory retirement age of the 64-year-old CEO will be raised from 65 to 70 as the company continues to face challenges from the coronavirus pandemic, production problems and the aftermath of two crashes on its best-selling plane.

Boeing CFO Greg Smith will retire in July, the manufacturer said. Boeing said it was looking for a replacement.

“Under Dave’s strong leadership, Boeing has effectively mastered one of the most challenging and complex periods in its long history,” said Larry Kellner, Boeing chairman, in a press release. “Given the significant progress that Boeing has made under Dave’s leadership and the continuity required to thrive in our long cycle industry, the Board of Directors has determined that it is in the best interests of the company and its stakeholders to the board of directors and Dave allow the flexibility for him to continue in his role beyond the company’s normal retirement age. “

This is the latest news. Check for updates again.

QuantumScape CEO mulls authorized response to scathing brief vendor report

QuantumScape could take legal action after being attacked in a scathing report by activist short seller Scorpion Capital.

“We are definitely going to take a look,” said Jagdeep Singh, managing director of QuantumScape, when CNBC’s Jim Cramer asked if the company would consider filing a lawsuit against the company.

“Some of the points there are simple, just absurd. Absurd to the point where there are … things that we want to take legal action on.”

Singh appeared on “Bad money“Friday, the day after Scorpion released the short report. In the 188-page report, Scorpion accused QuantumScape, released in November through a blank check association, of acting as a “pump and dump SPAC”. It even compared the company to Theranos, the disgraced healthcare technology startup.

QuantumScape shares fell more than 12% after the information was released. The stock fell again on Friday, contributing to a 28% decline in less than two weeks.

“We don’t want to be too distracted either, but you know we feel pretty good where we are,” said Singh.

The battery company said it stood by the data it presented to investors and will continue to build a battery for its customers such as: Volkswagenwho recently invested an additional $ 100 million in the company.

QuantumScape argued that Scorpion was motivated to release the report because it could benefit financially from the subsequent price decline. Investors who want to make a profit on a sharp drop in prices are known as short sellers.

“We have always been fairly transparent about what we have and what work still needs to be done,” said Singh. “That’s one of the things we are honestly proud of. We believe we have been the most transparent of all solid-state battery companies.”

Qatar Airways CEO says Covid vaccines prone to be required for journey

The CEO of a flagship Middle Eastern airline said the demand for Covid-19 vaccinations is likely to be a trend in air travel as the industry tries to recover from the effects of the coronavirus pandemic.

“In the short term, yes, I think the vaccination record will be helpful in giving both governments and passengers in our industry the confidence to travel again,” said Akbar Al Baker, CEO of Qatar Airways Group, on Tuesday across from CNBC’s Hadley Gamble.

When asked if vaccinations will become a “necessity” for flying, Al Baker said, “I think this will be the trend first because the world needs to open up to people who need to trust air travel.”

“I think this will be a trend that will continue until people are sure that there is an adequate cure or treatment for this very serious pandemic that we are facing today,” he added.

The idea of ​​vaccination cards has been circulated by many governments and industries, and proponents said it would make travel safer. However, critics argue that this could worsen inequality and access to people from countries that lag behind in their vaccination campaigns.

When asked who should conduct the vaccination passport procedure, the CEO said, “In my opinion it should be managed by IATA (International Air Transport Association) … I am fully confident that IATA is solving the problems ahead the industry will get a grip. “

The conversation with Al Baker took place in connection with the start of Qatar Airways’ first flight fully vaccinated with Covid-19 on an A350-1000.

The “flight to nowhere” remains in Qatari airspace and features the company’s new hygiene and safety features, including in-flight “zero-touch” entertainment technology. Only passengers and crew members who have been vaccinated against the virus that turned the world economy upside down and bankrupted so many airlines in the past year will be carried.

The airline has no plans to vaccinate all passengers yet.

Oil prices are recovering

After the Gulf States were hit by the collapse in oil prices in spring 2020, crude oil has risen steadily due to a mix of demand and supply dynamics as well as ongoing production cuts by OPEC.

However, Al Baker disproved the idea that his airline relies on the oil revenues that support the Gulf’s economy.

“We’re a commercial entity, we work on the profitability of our passengers, the cargo we carry, we don’t rely on oil prices,” he said. “The only thing we are relying on is a decent oil price so we can cut operating costs.”

International benchmark Brent crude oil As of Tuesday morning in London, trading was around $ 63 a barrel, up 22% since the start of the year. According to the CEO of Qatar Airways, this is sustainable for the company.

“I think it is reasonable that the price of oil should be between $ 60 and $ 65 a barrel in order to return to sustainable profitability,” he said.

Air travel recovered?

Qatar Airways, like so many others, was hit hard when air traffic nearly stalled in the first few months of the pandemic.

Last year it received a $ 2 billion bailout from its owner, the gas-rich Qatari state. The flagship of the tiny Gulf monarchy posted a record loss of $ 1.9 billion in fiscal year 2019-2020, due to both the virus crisis and the blockade of a Saudi-led group of Arab Gulf states that ended in January.

Al Baker said he was confident that his airline would recover; The network is currently being rebuilt to operate more than 1,200 weekly flights to more than 140 destinations by the summer. Nevertheless, the IATA does not forecast a return of air traffic to the level before the pandemic until 2024.

Reserving Holdings CEO backs vaccine passports, says makes journey safer

According to Glenn Fogel, the travel company’s CEO, so-called vaccination records would make traveling safer as more and more people are being vaccinated against the coronavirus Postings.

“I’m not sure why people are still against it to make travel safer for people,” Fogel said in an interview on CNBCs.The exchange. “

The Biden government has announced that it will put in place a system of documenting a person’s vaccination status, which will make it easier to determine who is and who is not protected from the virus. However, it is unclear how this will play out. Several airlines have also spoken out in favor of vaccination documentation.

There are, however Critics of vaccination records for a number of reasonsThis ranges from privacy concerns to scientific reasons to questions of justice.

On Friday, the Centers for Disease Control and Prevention said People who have been vaccinated are “low risk” for travel.

Fogel said he would like to see vaccinated people travel again.

“The industry has been so devastated, travel has been so hurt by this terrible, tragic crisis, and we need all that can do to make it happen [the travel industry] go and allow people to travel because [the vaccines] are absolutely safe. “

Booking Holdings owns brands such as Kayak, Agoda, Booking.com, Priceline.com, and OpenTable.

“The idea of ​​a Covid pass that says you are fully vaccinated [means] Being a safe traveler allows you to visit places other people may not be allowed to go, “Fogel said.

The company on Monday offered travelers $ 50 credit after the trip who book a trip by the end of May and travel before the end of the year. The company continues to offer more flexibility to cancel travel plans if necessary. The action aims to get people to book summer trips.

“We see that prices are also rising, which of course is the assumption of demand, which is why I continue to advocate it [people to] Go out, see what you want, get it now, “said Fogel.

Increasing vaccination rates will also help. Since the coronavirus vaccine began distributing in December, over 165 million doses have been given to people, according to the U.S. government CDC.

Right now, Americans might be more comfortable in the US due to various Covid restrictions, he said. According to a survey by Booking.com, 69% of people said they would prefer to travel closer to their home for the foreseeable future.

“There won’t be a large amount of international travel,” he said. “In terms of people staying close to home, there is certainly still a feeling of insecurity and a desire to be close to home, but I think that will expand and as people do feel safer, they will go on longer trips. “”

Booking Holdings stock closed 1.1% on Monday at $ 2,409.18.

Waymo CEO John Krafcik steps apart as co-CEO’s take over

After five and a half years as a guide for Waymo alphabet John Krafcik, a subsidiary that develops autonomous propulsion technologies, has decided it is time for someone else to run the company. In fact, two top Waymo executives, Tekedra Mawakana and Dmitri Dolgov, will become co-CEOs of the company.

He explains his decision in a blog post Krafcik wrote to step down as CEO but remain at Waymo as an advisor.It’s a wonderful opportunity for me to hand over the baton to Tekedra and Dmitri as Co-CEOs. “

Tekedra Mawakana is moving to the top position four years after joining Waymo and was most recently Chief Operating Officer. Dmitri Dolgov started his career at Waymo in 2009 when the company was founded and known as the Google Self-Driving Car Project. He becomes Co-CEO after most recently as Waymo’s Chief Technology Officer.

In a joint statement to Waymo employees, Mawakana and Dolgov wrote, “We are determined to work with you to develop, deploy and commercialize the Waymo Driver and drive the success of our incredible team and this road and opportunity ahead of us.”

While Waymo has established itself as a leading developer of autonomous vehicle technology with more than 32 million kilometers driven on public roads and more than 32 billion kilometers driven in simulation, the company’s conservative approach to expanding operations has frustrated those who rely on Self-drivers hope vehicles across the country. This deliberate approach was central to Krafcik’s tenure as CEO.

In meeting with reporters, Krafcik regularly stressed the importance of Waymo’s autonomous vehicles being as safe as possible. In March 2018 after a pedestrian was hit and killed by an autonomous Uber vehicle that was tested on a public road in Arizona, Krafcik told CNBC, “Part of our responsibility at Waymo is to help the world and cities in that we act to secure and the regulators that regulate these cities understand our technology. “

Waymo One autonomous hail service has been offering rides in the Phoenix region since 2017. It has evolved from a pilot program with a limited number of pre-selected customers to a publicly accessible hail service that uses a fleet of vehicles that drive without a driver. While Waymo has discussed expanding the Waymo One Autonomous Public Use Program to other cities for public use, the company has not come up with a final plan for it.

In the meantime, Waymo Via, which is designed for the autonomous transport of goods, is being tested with truck hubs in Arizona and Texas. At the end of last year, Waymo and Daimler’s Freightliner signed a contract to develop fully autonomous trucks.

– CNBC’s Meghan Reeder contributed to this article.

RH CEO Gary Friedman assured within the retailer’s enlargement plans

RH CEO Gary Friedman told CNBC on Thursday he was confident about the company’s expansion vision, even if some may question the luxury furniture retailer’s moves into the European market or into new industries as a whole.

“It takes a long time to build something extraordinary in this world, and we still feel like we’re honestly just warming up,” Friedman said in an interview with Jim Cramer “Bad money.” “We’re more excited than ever and see more opportunities than ever.”

RH, formerly known as Restoration Hardware, plans to open stores in England and Paris next year as the California-based company expands internationally.

With the debut of its RH Guesthouse concept in New York City, the company is also moving further towards the hospitality industry – it already operates restaurants. That is slated to open in the fall, followed by an RH guesthouse in Aspen, Colorado next year. Friedman refuses to refer to them as hotels, saying RH is trying to “create a new market for privacy and luxury”.

In Aspen, RH also has plans to develop homes in what it calls first “RH ecosystem”.

“A lot of the things we’re going to do are just misunderstood at first. And until they’re seen and respected … then you can’t ignore it,” Friedman said.

Confident that the company can thrive in Europe, Friedman points to RH’s experience sourcing locally sourced products and its position as the leading Italian bedding and Belgian linen seller worldwide.

Friedman acknowledged that RH’s foray into new industries like residential real estate may seem strange at first for a company traditionally viewed as a retailer. “But when you’re trying to build one of the most admired brands in the world, when you want to do something extraordinary, you can’t go down an ordinary path,” he said.

Friedman’s appearance on “Mad Money” on Thursday came the day after RH posted fourth quarter sales and earnings exceeded analysts’ expectations. RH ended fiscal 2020 with sales of $ 2.85 billion. In one Letter to the shareholdersFriedman wrote that RH believes “the data supports the RH brand, which is hit $ 5 billion to $ 6 billion in North America and $ 20 billion to $ 25 billion globally.”

RH stock rose 9% on Thursday to close at $ 529.08 apiece. The stock is up nearly 400% over the past 12 months.

Esports Leisure Group CEO Grant Johnson to be Interviewed on Varney & Co. on Fox Enterprise on March 8


JPMorgan is betting on these 3 stocks; Sees over 50% upside potential

It’s time to look into the macro picture to get an idea of ​​where the markets are headed in the months ahead. That’s what a global JPMorgan research team led by Joyce Chang did. The JPM team first sees US Treasuries sold off over the past week and is increasing yields as investors react to fears of inflation. The rise in bond yields stabilized on Friday, however, and Chang’s team doesn’t believe inflation is the big Bugaboo it’s known for. Her team sees a combination of economic growth and fiscal stimulus that creates a positive cycle of consumer spending that drives more growth. You write, “Our global economic team now predicts nominal US GDP averaging 7% this year and next as targeted measures to combat COVID-19 have been successful and economic activity will not be jeopardized. Global growth will exceed 5% … “According to JPM, this means that the coming year should be good for stocks. The company believes interest rates are likely to remain low, while inflation should ease as the economy normalizes. JPM’s equity analysts have been following the strategy team looking for the stocks they see as winners over the next 12 months. Three of their most recent picks are interesting, with strong buy ratings from the analyst community and upside potential of over 50%. We used the TipRanks database to get the details on it. Let’s take a look at it. On24 (ONTF) The first JPM selection featured here is On24, the online streaming service that gives third-party providers access to scaled and personalized network events. In other words, On24 makes its streaming service available to other companies in order to set up interactive functions such as webinars, virtual events and multimedia experiences. The San Francisco-based company has a base of more than 1900 corporate users. On24 customers work online with more than 4 million professionals each month for more than 42 million hours per year. As you can imagine, On24 saw an increase in customer interest and business over the past year as virtual offices and teleworking situations increased – and the company has now used that as a basis for going public. On24 held its IPO last month and joined the NYSE on February 3rd. The opening was a success; 8.56 million shares were launched at $ 77 each, well above the original price of $ 50. However, since then stocks have beaten, down 36%. Still, JPM’s Sterling Auty believes the company is well positioned to capitalize on current trends. “We believe the COVID-19 pandemic has forever changed the face of B2B marketing and sales. It has forced companies to shift most of their sales lead generation to the digital world, where On24 is usually considered to be the best webinar / webcast provider. “The 5 star analyst wrote. “Even after the pandemic, we expect the marketing movement to be a mix of digital and personal movement that is equally important. This should drive the further roll-out of On24-like solutions, and we anticipate On24 will take a significant portion of this opportunity. “Consistent with these bullish comments, Auty launched coverage of the stock with an overweight (ie buy) rating and its target price of $ 85 suggests there is 73% upside potential over the next 12 months. (To see Auty’s track record, click here.) Sometimes a company is so solid and successful that Wall Street analysts line up right behind it – and that’s the case here. Strong Buy’s analysts’ consensus rating is unanimous, based on 8 buy-side ratings released since the stock went public a little over a month ago. The shares are currently trading at $ 49.25, and their average price target of $ 74 implies a 50% move higher from that level. (See On24’s stock analysis at TipRanks.) Plug Power, Inc. (PLUG) And when we turn to the reusable energy space, let’s take a look at a JPM selection for “green power”. Plug Power develops and manufactures hydrogen power cells, a technology with great potential as a possible replacement for conventional batteries. Hydrogen power cells have potential applications in the automotive sector, as powerhouses for old fuel cars, but also in just about any application that stores energy – home heating, portable electronics, and emergency power systems, to name a few. Over the past year, PLUG shares have seen a huge increase of over 800%. The stock received an extra boost following Joe Biden’s win in the presidential election – and its platform promises to promote “green energy”. But the stock has pulled back a lot lately, as many exaggerated growth names have done. Poor 4Q20 results also explain the recent sell-off. Plug reported a deep loss of $ 1.12 per share, far worse than the expected loss of 8 cents or the 7 cents loss reported in the year-ago quarter. In fact, PLUG never reported a positive result. This company is supported by the quality of its technology and the potential of that technology for industry adoption towards renewable energy sources – but we are not there yet, despite advances in that direction. According to JPM analyst Paul Coster, the price decline makes PLUG an attractive offer. “Given the company’s many long-term growth opportunities, we believe the stock is currently attractively priced ahead of potential positive catalysts that include additional customer acquisition on pedestals, partnerships and joint ventures that allow the company to enter new regions and end-market applications quickly and with a modest capital investment, ”said the analyst. “Currently, PLUG is a story share that appeals to both thematic investors and generalists who are interested in the growth of renewable energies and, in particular, hydrogen.” Coster’s bullish comments include an upgrade in PLUG valuation – from neutral (i.e. hold) to overweight (buy) – and a target price of $ 65, indicating a possible uptrend of 55%. (To see Coster’s track record, click here.) Plug Power is also widely supported by Coster’s colleagues. 13 current analyst evaluations are divided into 11 buys and 1 hold and sell, all of which are combined into a strong buy consensus rating. PLUG shares sell for $ 39.3 and have an average price target of $ 62.85, suggesting upside potential of 60% for a year. (See PlugRanks’ stock analysis at TipRanks.) Orchard Therapeutics, PLC (ORTX) The final JPM stock pick we’ll look at is Orchard Therapeutics, a biopharma research company focused on developing gene therapies to treat rare diseases . The company’s goal is to develop curative treatments from the genetic modification of blood stem cells – treatments that can reverse the causative factors of the target disease with a single dose. The company’s pipeline includes two drug candidates that have been approved in the EU. The first, OTL-200, is a treatment for metachromatic leukodystrophy (MLD), a severe metabolic disorder that causes loss of sensory, motor, and cognitive functions. Strimvelis, the second approved drug, is a gamma retroviral vector-based gene therapy and the first such autologous ex vivo gene therapy to be approved by the European Medicines Agency. It is a treatment for adenosine deaminase deficiency (ADA-SCID) when the patient does not have a related stem cell donor available. In addition to these two EU-approved drugs, Orchard has ten other drug candidates in various stages of the pipeline process, from pre-clinical research to early-stage studies. Another 5-star analyst with JPM, Anupam Rama, took a deep dive into Orchard and was impressed with what he saw. In his coverage of the inventory, he notes several key points: “As data matures across indications in rare genetic diseases, the broader ex vivo autologous gene therapy platform continues to be jeopardized in terms of both efficacy and safety … key opportunities at MLD (including OTL-200 and other drug candidates each have potential sales in the range of $ 200 to $ 400 million. It is important that the general benefit / risk profile of the Orchard approach is viewed positively in the eyes of doctors At level, we believe that ORTX shares do not reflect the risk-adjusted potential of the pipeline … “The high sales potential here prompts Rama to rate the share as an outperform (buy) and set a price target of USD 15, which implies a robust position 122% Upside potential over the next 12 months. (To view Rama’s track record, click here) A. In this regard, too, Wall Street generally agrees with JPM. ORTX shares have 6 buy ratings for a unanimous consensus rating from analysts at Strong Buy, and the average price target of $ 15.17 indicates an upward movement of 124% from the current trading price of $ 6.76. (See Orchard’s stock analysis at TipRanks.) Disclaimer: The opinions expressed in this article are solely those of the analysts featured. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.