Canaccord Genuity Reiterates a 'Buy' on InterMune Inc. (ITMN); Esbriet (pirfenidone) Positive GBA Assessment

May 21, 2012 10:02 AM EDT
Get Alerts ITMN Hot Sheet
Price: $73.89 --0%

Rating Summary:
    8 Buy, 9 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 4 | Down: 8 | New: 31
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Canaccord Genuity reiterates a 'Buy' on InterMune Inc. (NASDAQ: ITMN) price target of $24.00.

Analyst, Ritu Baral, said, "Reiterate rating and price target on Esbriet (pirfenidone) positive GBA assessment, potential for blockbuster worldwide sales, US clinical success. Esbriet is ITMN’s drug for idiopathic pulmonary fibrosis (IPF), an orphan lung disease. We see major Esbriet EU commercial potential (despite price concerns), encouraging 2012 adoption, and worldwide peak sales of ~$4B."

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

Shares of InterMune Inc. closed at $10.08 yesterday.


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