Beyond Air shares surge 14.12% after-hours after Rodman & Renshaw initiates buy rating with $5 price target.

Beyond Air surged 14.12% in after-hours trading after Rodman & Renshaw analyst Michael King initiated a buy rating with a $5 price target. The recommendation, though from an analyst with a 40.6% historical accuracy and -0.1% average return, likely spurred investor optimism ahead of the market open.