Leerink Swann Maintains Bullish Stance on Alnylam Pharmaceuticals (ANLY), Sees Dramatic Upside
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Price: $236.22 +3.02%
Rating Summary:
29 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
29 Buy, 12 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Leerink Swann reiterated their Outperform rating and $25-$27 valuation rant on Alnylam Pharmaceuticals (NASDAQ: ALNY) Tuesday, saying there is growing phama interest and upside drivers.
The firm comments: "We reiterate our DCF-based $25-27 valuation driven by primarily by ALN-TTR-2 for TTR Amyloidosis and incrementally by ALN-PCS-02 for hypercholesterolemia. ALNY and Regulus (45% owned by ALNY) have been increasingly busy signing pipeline and business development partnerships, highlighting potential renewed and meaningful interest by large pharma. Regulus recently signed a deal with AZN (MP) and BIIB (OP) while ALNY today announced a partnership with Monsanto (MON, NR). After delivery advancements and solid ALN-PCS-02 proofof- concept (POC) data, we foresee this compound differentiating itself from other antibody approaches targeting PCS-K9 and drawing a large partnership near term."
For an analyst ratings summary and ratings history on Alnylam Pharmaceuticals click here. For more ratings news on Alnylam Pharmaceuticals click here.
Shares of Alnylam Pharmaceuticals closed at $17.74 yesterday.
The firm comments: "We reiterate our DCF-based $25-27 valuation driven by primarily by ALN-TTR-2 for TTR Amyloidosis and incrementally by ALN-PCS-02 for hypercholesterolemia. ALNY and Regulus (45% owned by ALNY) have been increasingly busy signing pipeline and business development partnerships, highlighting potential renewed and meaningful interest by large pharma. Regulus recently signed a deal with AZN (MP) and BIIB (OP) while ALNY today announced a partnership with Monsanto (MON, NR). After delivery advancements and solid ALN-PCS-02 proofof- concept (POC) data, we foresee this compound differentiating itself from other antibody approaches targeting PCS-K9 and drawing a large partnership near term."
For an analyst ratings summary and ratings history on Alnylam Pharmaceuticals click here. For more ratings news on Alnylam Pharmaceuticals click here.
Shares of Alnylam Pharmaceuticals closed at $17.74 yesterday.
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