Wedbush Starts Alexion Pharmaceuticals (ALXN) at Neutral

September 23, 2016 6:44 AM EDT
Get Alerts ALXN Hot Sheet
Price: $121.41 -0.16%

Rating Summary:
    19 Buy, 10 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 23 | New: 30
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Wedbush initiates coverage on Alexion Pharmaceuticals (NASDAQ: ALXN) with a Neutral rating and a price target of $132.00.

Analyst Heather Behanna commented, "We see Alexion as a pioneer in complement driven therapeutics. Although we expect to see continued growth in Soliris (eculizumab) sales over the next couple of years, in our view, clinical and regulatory risk surrounding pipeline expansion of eculizumab and competition on the horizon for PNH/aHUS suggests to us shares of Alexion are fairly valued at this time."

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

Shares of Alexion Pharmaceuticals closed at $133.69 yesterday.

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