Brean Murray Carret & Co. Assumes Coverage on Onyx Pharmaceuticals (ONXX) at Hold

August 31, 2011 7:27 AM EDT Send to a Friend
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Price: $93.03 +0.13%

Rating Summary:
    20 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 8
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Brean Murray Carret & Co. assumes coverage on Onyx Pharmaceuticals (NASDAQ: ONXX) with a Hold. PT $30.00.

Brean analyst says, "We view the majority of Onyx's value to be based on the indications for Nexavar of HCC and thyroid cancer, and carfilzomib. We project Nexavar to reach $2 billion in sales in 2015, or approximately $580 million in revenue to Onyx."

For more ratings news on Onyx Pharmaceuticals click here and for the rating history of Onyx Pharmaceuticals click here.

Shares of Onyx Pharmaceuticals closed at $33.69 yesterday, with a 52 week range of $23.91-$45.90.


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