Insys Therapeutics (INSY): Pipeline Progressing - RBC

November 4, 2016 7:15 AM EDT
Get Alerts INSY Hot Sheet
Price: $10.30 +0.39%

Rating Summary:
    5 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
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RBC Capital analyst, Randall Stanicky, reiterated his Sector Perform rating on shares of INSYS Therapeutics (NASDAQ: INSY) and cut his price target to $23 (from $26) after the company reported an uneventful 3Q with the focus of the call heavily geared towards pipeline, where it sees a number of near-term catalysts.

The analyst revisited his estimates with a more conservative view on Subsys and pushed out Syndros into mid-2Q given uncertainty around launch timing. This delay in profit recognition, pressures the price target down to $23 but leaves the analyst with an Outperform rating.

For an analyst ratings summary and ratings history on INSYS Therapeutics click here. For more ratings news on INSYS Therapeutics click here.

Shares of INSYS Therapeutics closed at $10.02 yesterday.

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