UPDATE: Cowen Upgrades Sarepta Therapeutic (SRPT) to Outperform
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
(Updated - September 20, 2016 8:48 AM EDT)
Cowen upgraded Sarepta Therapeutic (NASDAQ: SRPT) from Market Perform to Outperform with a price target of $64 after the FDA approved Exondys 51.
Analyst Ritu Baral said, "Following today's approval of Exondys 51, SRPT announced average weight-based net, compliance adjusted price of ~$300k/yr but our estimated gross is much higher. SRPT looks ready to launch ASAP, with inventory/commercial operations/patient hub in place. We are upgrading with a new target of $64 based on a sound commercial plan to drive rapid, sticky sales, with upside from EU and the pipeline."
Shares of Sarepta Therapeutic closed at $48.94 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cowen Upgrades Dick's Sporting Goods (DKS) to Outperform
- Amazon (AMZN) PT Raised to $1050 at Goldman Sachs Into Q3 Print
- UPDATE: Seaport Global Securities Starts Canadian Pacific Railway Limited (CP) at Buy
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Upgrades
Related EntitiesCowen & Co
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!