Leerink Partners Resumes Kura Oncology (KURA) at Outperform; Data Rich 2017

October 13, 2016 6:38 AM EDT
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Price: $6.15 -2.38%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Leerink Partners resumes coverage on Kura Oncology (NASDAQ: KURA) with a Outperform rating and a price target of $15, citing attractive risk/reward ahead of a data rich 2017.

Analyst Jonathan Chang commented, "We are resuming coverage of Kura Oncology (KURA) with an Outperform (OP) rating and a $15 price target (PT). We view KURA's lead pipeline program, tipifarnib (a farnesyltransferase inhibitor) as a safe and active drug. KURA licensed worldwide rights to tipifarnib in oncology from Janssen (JNJ [OP]), which previously evaluated tipifarnib broadly across various hematologic and solid tumors with limited success. We believe KURA's precision medicine approach to developing tipifarnib in biomarker-defined patients offers the opportunity to improve on past efforts."

For an analyst ratings summary and ratings history on Kura Oncology click here. For more ratings news on Kura Oncology click here.

Shares of Kura Oncology closed at $5.60 yesterday.

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