Cempra (CEMP): Preview Of Upcoming Catalyst - Jefferies

October 24, 2016 7:39 AM EDT
Get Alerts CEMP Hot Sheet
Price: $7.25 -2.03%

Rating Summary:
    5 Buy, 9 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 21 | Down: 18 | New: 19
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Jefferies analyst, Eun Yang, reiterated his Buy rating on shares of Cempra, Inc. (NASDAQ: CEMP) ahead of the FDA panel for lead product Solithera (Soli) for CABP on 11/4/16, negative sentiment stemming from liver safety concerns heavily weighs on shares. Given the prior document discussions & other approved antibiotics profiles, the analyst believes these concerns are overblown. Significant downside (>50%) exists if the panel vote is negative but the analyst views a more likely positive outcome (~70-80% likelihood), risk/reward skews to the upside (>50%).

No change to the price target of $45.

For an analyst ratings summary and ratings history on Cempra, Inc. click here. For more ratings news on Cempra, Inc. click here.

Shares of Cempra, Inc. closed at $23.76 yesterday.

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