Mizuho Securities Downgrades Eagle Pharmaceuticals (EGRX) to Neutral; Stock to Plateau Post-Analyst Day

November 16, 2016 6:28 AM EST
Get Alerts EGRX Hot Sheet
Price: $65.95 -5.88%

Rating Summary:
    4 Buy, 0 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Mizuho Securities downgraded Eagle Pharmaceuticals (NASDAQ: EGRX) from Buy to Neutral while maintaining a $78 price target.

Analyst Irina Koffler commented, "We expect the stock to plateau after the Analyst Day due to lighter catalyst flow, weaker Treanda/Bendeka revenues reported by partner Teva, and fully loaded pipeline valuation."

For an analyst ratings summary and ratings history on Eagle Pharmaceuticals click here. For more ratings news on Eagle Pharmaceuticals click here.

Shares of Eagle Pharmaceuticals closed at $81.98 yesterday.

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