Invest Securities reiterates its Buy rating on Crossject shares, with a revised target price of 6.5 euros, up from 5.8 euros.

The analyst believes that "yesterday's announcement of bank financing was well received by the market (+13%)", even though the financial terms of the transaction were not disclosed.

This non-dilutive 14 ME financing reinforces the Group's credibility", adds the broker. Invest Securities also believes that this could well be the last transaction before the group becomes self-financing.

Finally, "despite a +150% increase since the BARDA agreement, the current valuation still does not reflect the transformation to come", concludes the research department.

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