RBC Capital Downgrades PDL BioPharma (PDLI) to Sector Perform, Maintains Price Target

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October 11, 2011 7:40 AM EDT
Get Alerts PDLI Hot Sheet
Price: $2.47 --0%

Rating Summary:
    2 Buy, 3 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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RBC Capital downgraded shares of PDL BioPharma (NASDAQ: PDLI) to a Sector Perform rating from its previous rating of Outperform. The firm reaffirmed its price target of $6.00.

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

Shares of PDL BioPharma closed at $5.70 yesterday.

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