Tesaro (TSRO) PT Raised to $120 at Baird
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Baird analyst Michael Ulz reiterated an Outperform rating and raised his price target on Tesaro (NASDAQ: TSRO) to $120.00 (from $105.00) with full niraparib data better than expected.
Ulz commented, "Over the weekend, detailed data from the Phase 3 NOVA study of niraparib in 2L+ maintenance of ovarian cancer were presented at the ESMO meeting and published in the NEJM. Overall, the updated data further strengthens niraparib's market-leading position, supporting broad use across all platinum-sensitive patients with a manageable safety profile. Filing remains on track to complete in 4Q16, and we continue to anticipate approval in 1H17. We reiterate our Outperform rating and raise our price target to $120."
Shares of Tesaro closed at $99.26 yesterday.
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