Jefferies Maintains a 'Buy' on Synta Pharma. (SNTA); Market Reaction Excessive
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Price: $7.65 +1.86%
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Rating Summary:
6 Buy, 3 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 28 | New: 13
Trade SNTA Now!
Jefferies maintains a 'Buy' on Synta Pharma. (NASDAQ: SNTA) price target of $14.00.
Analyst, Thomas Wei, said, "The two promising GALAXY subgroups alluded to in May were high LDH and adenocarcinoma, not mKRAS. The adenocarcinoma overall survival data appear compelling, while we see mKRAS data as too early to be definitive. Separately, we believe ganetespib will not be developed further in squamous likely due to bleeding. The similarity to the Avastin profile suggests this issue may be isolated to squamous histology. We remain buyers on weakness."
For an analyst ratings summary and ratings history on Synta Pharma. click here. For more ratings news on Synta Pharma. click here.
Shares of Synta Pharma. closed at $4.82 yesterday, with a 52 week range of $3.02-$8.50.
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Analyst, Thomas Wei, said, "The two promising GALAXY subgroups alluded to in May were high LDH and adenocarcinoma, not mKRAS. The adenocarcinoma overall survival data appear compelling, while we see mKRAS data as too early to be definitive. Separately, we believe ganetespib will not be developed further in squamous likely due to bleeding. The similarity to the Avastin profile suggests this issue may be isolated to squamous histology. We remain buyers on weakness."
For an analyst ratings summary and ratings history on Synta Pharma. click here. For more ratings news on Synta Pharma. click here.
Shares of Synta Pharma. closed at $4.82 yesterday, with a 52 week range of $3.02-$8.50.
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