Madison Williams Starts Dendreon (DNDN) at Sell

December 17, 2010 7:00 AM EST Send to a Friend
Get Alerts DNDN Hot Sheet
Price: $4.03 -1.23%

Rating Summary:
    5 Buy, 15 Hold, 12 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 19 | New: 21
Trade DNDN Now!
Madison Williams initiates coverage on Dendreon (NASDAQ: DNDN) with a Sell rating and $27 price target.

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

Shares of Dendreon closed at $36.65 yesterday, with a 52 week range of $25.05-$57.67.


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Comments

DNDN initiated with SELL
David Eckes MD on Dec 17, 2010 11:47 AM
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Shouldn't "full disclosure" require that any company doing a new stock analyst rating accompany that rating with the following information: "my firm has X % of this stock held in long positions and Y % in short positions at the time of this public stock stock announcement?" The credability of this firm is now analyzed as a SELL IMO. The Provenge story and Dendreon has been public/business news for a decade, but these experts are just getting around to analysis and public press releases. At least I am giving you a reason for my SELL rating on the Madison Williams firm; i.e. they lack full disclosure of their stock holding position.


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