Cerus (CERS): American Red Cross Implementation Highlights Increasing U.S. INTERCEPT Adoption - FBR
Get Alerts CERS Hot Sheet
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
FBR Capital analyst Thomas Yip reiterated an Outperform rating and $10 price target on Cerus (NASDAQ: CERS) as American Red Cross implementation highlights increasing U.S. INTERCEPT adoption.
Yip commented, "After the market close on August 4, Cerus hosted a conference call to report its 2Q16 results and to discuss INTERCEPT's commercial and regulatory progress. We view INTERCEPT's implementation by the American Red Cross (ARC) as an important achievement in 2Q16, as it signifies a vote of confidence from one of the largest U.S. blood suppliers that we believe could encourage other blood suppliers to consider switching to INTERCEPT. We believe public concerns for a Zika virus (ZIKV) outbreak on U.S. soil will continue to encourage policy setters to prioritize bloodsupply safety and highlight INTERCEPT as the only FDA-approved option to ensure an uninterrupted blood supply in areas with active Zika transmissions. From a longerterm perspective, we think increasing public awareness for blood safety will lead to INTERCEPT's adoption by more U.S. blood suppliers. We reiterate our Outperform rating and $10 price target."
For an analyst ratings summary and ratings history on Cerus click here. For more ratings news on Cerus click here.
Shares of Cerus closed at $7.19 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cerus (CERS) Announces FDA Approval of Extended Shelf Life for INTERCEPT Platelet Processing Sets
- Torrid Holdings Inc (CURV) PT Raised to $4.80 at Jefferies
- Cerus Corporation Announces FDA Approval of Extended Shelf Life for INTERCEPT Platelet Processing Sets – Doubling Previous Shelf Life
Create E-mail Alert Related Categories
Analyst CommentsSign 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!