Credit Suisse Starts Dendreon (DNDN) at Underperform, Sets $29 Price Target

May 2, 2011 8:09 AM EDT
Get Alerts DNDN Hot Sheet
Price: $0.13 --0%

Rating Summary:
    2 Buy, 15 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 4 | New: 9
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Shares of Dendreon (NASDAQ: DNDN) are trading lower in pre-market action as an analyst at Credit Suisse initiated coverage on the stock with an Underperform rating and a $29 price target.

With the stock trading around $43.05 ahead of the opening bell, the firm's new price target implies potential downside of about 33 percent.

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


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