Auxilium's (AUXL) Testosterone Gel Growth Encouraging, Say Analysts

November 8, 2012 12:54 PM EST
Get Alerts AUXL Hot Sheet
Price: $36.47 --0%

Rating Summary:
    6 Buy, 9 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 11 | New: 9
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Jefferies maintained a Buy on Auxilium Pharmaceuticals (NASDAQ: AUXL) and cuts its price target to $29.00 (from $32.00).

"AUXL reported lower-than-expected Testim revenue and announced the Xiaflex EU collaboration with Pfizer (NYSe: PFE) is ending, both contributing to lower revenue guidance," noted analyst Thomas Wei.

"However, we previously assumed a modest valuation contribution from Xiaflex EU royalties and are encouraged Testim guidance itself reflects expectations for near-term growth in 4Q12," added Wei.

For an analyst ratings summary and ratings history on Auxilium Pharmaceuticals click here. For more ratings news on Auxilium Pharmaceuticals click here.

Shares of Auxilium Pharmaceuticals closed at $18.60 yesterday.

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