Brean Murray Carret & Co. Maintains a 'Buy' on Halozyme Therapeutics (HALO); Oversold on HyQ News - Opportunity Heading Into Rituxan Phase 3

April 16, 2012 1:04 PM EDT
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Price: $108.17 +1.93%

Rating Summary:
    15 Buy, 5 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Brean Murray Carret & Co. maintains a 'Buy' on Halozyme Therapeutics (NASDAQ: HALO) price target lowered from $13 to $11.

Analyst, Jonathan Aschoff, said, "Halozyme and Baxter (NYSE: BAX)(Buy) announced today that the FDA is requiring additional informationto complete the BLA for approval of HyQ, which is indicated for primary immunodeficiency...Given that the FDA concerns revolve around the long term chronic use of HyQ, we anticipate a 2 year delay with HyQ."

Aschoff lowers FY12 EPS loss from (0.51) to (0.62) and FY13 from (0.14) to (0.23)

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

Shares of Halozyme Therapeutics closed at $11.27 yesterday.


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