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Jefferies Lifts Numbers on Onyx Pharmaceuticals (ONXX)

November 3, 2011 12:24 PM EDT
Get Alerts ONXX Hot Sheet
Price: $124.70 --0%

Rating Summary:
    9 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 22
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Jefferies raised estiamtes and its price target on Onyx Pharmaceuticals (NASDAQ: ONXX) from $46 to $50 after including regorafenib mCRC royalties in their model.

The firm said the Q3 call was uneventful as management disclosed little on the carfilzomib NDA process, only guiding to a near term FDA acceptance decision.

FY11 EPS goes from ($2.84) to ($0.25), FY12 EPS from ($2.87) to ($2.42)

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

Shares of Onyx Pharmaceuticals closed at $39.30 yesterday.


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