Needham & Company Reiterates a 'Buy' on Seattle Genetics (SGEN); Raising PT

May 6, 2011 9:45 AM EDT
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Price: $228.74 --0%

Rating Summary:
    10 Buy, 18 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Buy' on Seattle Genetics (NASDAQ: SGEN), PT increased from $18 to $22.

Needham analyst says, "We believe milestone events such as the recent BLA filings for HL and ALCL, progress in trials of ADCETRIS (b. vedotin) in other
indications as well as trials of other pipeline products, and multiple, newly-formed ADC collaborations have advanced the Seattle Genetics to a new level."
For more ratings news on Seattle Genetics click here and for the rating history of Seattle Genetics click here.

Shares of Seattle Genetics closed at $16.43 yesterday.


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