UPDATE - Canaccord Genuity Downgraded Protalix BioTherapeutics (PLX) to Hold; Taking A Good Look
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Price: $2.38 --0%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UPDATE - Canaccord Genuity downgraded Protalix BioTherapeutics (NYSE: PLX) from Buy to Hold, maintains price target of $8.00.
Analyst, Ritu Baral, said, "We see modest US but robust Israel/ROW potential with approval, EU may be blocked by Vpriv orphan – waiting for Fabry program to drive catalysts. We think PLX/partner Pfizer’s (NYSE: PFE) Elelyso (taliglucerase) may get ~15% of the $1.2B+ worldwide Gaucher’s market. Our target is now based on a DCF of projected US/IROW sales and pNPV of forecasted EU sales. Our target is unchanged; removal of FDA risk offsets lower EU pNPV."
To see more ratings on PLX, Click Here
Analyst, Ritu Baral, said, "We see modest US but robust Israel/ROW potential with approval, EU may be blocked by Vpriv orphan – waiting for Fabry program to drive catalysts. We think PLX/partner Pfizer’s (NYSE: PFE) Elelyso (taliglucerase) may get ~15% of the $1.2B+ worldwide Gaucher’s market. Our target is now based on a DCF of projected US/IROW sales and pNPV of forecasted EU sales. Our target is unchanged; removal of FDA risk offsets lower EU pNPV."
To see more ratings on PLX, Click Here
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