Aclaris Therapeutis (ACRS) Strong Ph3 Results for A-101 a Significant De-Risking Event; PT to $32 - Jefferies
Get Alerts ACRS Hot Sheet
Rating Summary:
4 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 1
Join SI Premium – FREE
Jefferies analyst David Steinberg reiterated a Buy rating and boosted his price target on Aclaris Therapeutis (NASDAQ: ACRS) to $32.00 (from $29.00) after the company announced positive topline Ph3 data for A-101 in the treatment of seborrheic keratosis (SK), a common aesthetic dermatologic condition affecting 83M sufferers in the US.
Steinberg commented, "This is a significant de-risking event for ACRS and should position the co for US and EU regulatory filings in 1Q17/mid-17, respectively. We continue to see A-101 SK as a potential $500M+ peak sales opportunity and think that ACRS fits our M&A thesis."
For an analyst ratings summary and ratings history on Aclaris Therapeutis click here. For more ratings news on Aclaris Therapeutis click here.
Shares of Aclaris Therapeutis closed at $23.43 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- RBC Capital Downgrades Range Resources (RRC) to Sector Perform
- Stifel Downgrades Caterpillar (CAT) to Hold
- JPMorgan Downgrades Boyd Gaming (BYD) to Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, FDARelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!