Jefferies Starts Tesaro (TSRO) at Buy
Get Alerts TSRO Hot Sheet
Rating Summary:
7 Buy, 18 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 3
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Jefferies initiates coverage on Tesaro (NASDAQ: TSRO) with a Buy rating and a price target of $40.00.
Analyst Eileen Flowers comments, "With our ~$1B peak sales est for TSRO's late-stage products rolapitant ($300M) & niraparib ($700M) based on our expert discussions, we see 50% upside potential from current levels. If rolapitant expands the market (peak sales of ~$500M), we see ~25% upside beyond our PT. Given 12 month underperformance (-32% for TSRO vs. +38% for BTK), we view TSRO's current valuation offers an attractive entry point ahead of clinical/regulatory catalysts starting in mid-2015."
For an analyst ratings summary and ratings history on Tesaro click here. For more ratings news on Tesaro click here.
Shares of Tesaro closed at $27.22 yesterday.
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