Citadel Securities Starts Human Genome Sciences (HGSI) at Add; Benlysta Launch Expectations Set Achievable Hurdle
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Price: $14.24 --0%
Rating Summary:
3 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 13
Rating Summary:
3 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 9 | New: 13
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Citadel Securities initiates coverage on Human Genome Sciences (NASDAQ: HGSI) with an Add. PT $25.00.
Citadel analyst says, "We believe conservative launch expectations for Benlysta set an achievable hurdle, and we anticipate shares will gain traction during 2H11 as the launch progresses. Notably, we anticipate significant revenue contribution from the drug to begin in 2012, and believe investors should focus on initial leading indicators, such as trends in the number of patient benefit verifications submitted to Benlysta Gateway, during the early stages of the launch. Additionally, we believe investors and the Street are singularly focused on Benlysta and have attributed little, if any, value to the company’s pipeline. The opportunity that we see for investors is potential upside from the “hidden value” of HGSI’s pipeline."
For more ratings news on Human Genome Sciences click here and for the rating history of Human Genome Sciences click here.
Shares of Human Genome Sciences closed at $15.81 yesterday.
Citadel analyst says, "We believe conservative launch expectations for Benlysta set an achievable hurdle, and we anticipate shares will gain traction during 2H11 as the launch progresses. Notably, we anticipate significant revenue contribution from the drug to begin in 2012, and believe investors should focus on initial leading indicators, such as trends in the number of patient benefit verifications submitted to Benlysta Gateway, during the early stages of the launch. Additionally, we believe investors and the Street are singularly focused on Benlysta and have attributed little, if any, value to the company’s pipeline. The opportunity that we see for investors is potential upside from the “hidden value” of HGSI’s pipeline."
For more ratings news on Human Genome Sciences click here and for the rating history of Human Genome Sciences click here.
Shares of Human Genome Sciences closed at $15.81 yesterday.
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