UBS Maintains a 'Buy' on Allergen (AGN); Another Strong R&D Day

March 29, 2012 10:34 AM EDT
Get Alerts AGN Hot Sheet
Price: $193.02 --0%

Rating Summary:
    8 Buy, 20 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Buy' on Allergen (NYSE: AGN) price target raised from $100 to $107.

Analyst, Marc Goodman, said, "The pipeline stretches across the risk spectrum, including several pot blockbuster opportunities (Latisse scalp, Botox OA, Senrebotase for pain, a SR platform for glaucoma and several dry and wet AMD programs). We are very excited about the Latisse hair growth opportunity, and the key Phase II trials vs Minoxidil finish up later this year. But what was new and very impressive is the new osteoarthritis opportunity for Botox which just started Phase I/II studies as well as Senrebotase, the targeted toxin for pain that can be dosed at 1000x that of Botox because it targets only pain nerves and has no muscle effects."

For an analyst ratings summary and ratings history on Allergen click here. For more ratings news on Allergen click here.

Shares of Allergen closed at $94.05 yesterday.


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