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Piper Jaffray Reiterates Underweight Rating on Seattle Genetics (SGEN)

December 9, 2013 9:38 AM EST Send to a Friend
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Price: $40.87 +3.49%

Rating Summary:
    6 Buy, 4 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 13 | New: 52
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Piper Jaffray maintained an Underweight rating on Seattle Genetics (NASDAQ: SGEN) with a price target of $26.00. Analyst Edward Tenthoff thinks Adcetris' safety
profile is worrisome. Tenthoff pointed to severe toxicities associated with Adcetris and made note to 86 deaths reported with the FDA between February 1 and October 31. 46 of these deaths could be due to Adcetris, 21 were unknown, and 19 were unlikely.

For an analyst ratings summary and ratings history on Seattle Genetics click here. For more ratings news on Seattle Genetics click here.

Shares of Seattle Genetics closed at $44.35 yesterday.




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Comments

Show me the data
Terry Ramsey on 2013-12-09 13:31:31
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Edward Tenthoff should divulge the source of the data he is reporting ... specifically "46 of these deaths could be due to Adcetris."
Is he starting an unscrupulous, malicious rumor?


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