UPDATE: JMP Securities Upgrades Advanced Accelerator Applications S.A. (AAAP) to Market Outperform
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Rating Summary:
2 Buy, 4 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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(updated to add analyst comment)
JMP Securities upgraded Advanced Accelerator Applications S.A. (NASDAQ: AAAP) from Market Perform to Market Outperform, price target $69.00.
Analyst Mike King Jr. changes his model to update assumptions for positive CHMP opinion, the likely approval of Lutathera in the EU with expanded label which include both midgut and GEP NETs, and the potential for an expanded label in the US.
He estimates a prevalent GEP NET patient population of nearly 95K compared to prevalent midgut population of roughly 32K.
He forecasts a 2018 Lutathera GEP NET launch in Europe and models a Lutathera GEP NET launch in the US for 2021.
For an analyst ratings summary and ratings history on Advanced Accelerator Applications S.A. click here. For more ratings news on Advanced Accelerator Applications S.A. click here.
Shares of Advanced Accelerator Applications S.A. closed at $42.49 yesterday.
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