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Goldman Sachs Resumes Seattle Genetics (SGEN) at Neutral

October 3, 2011 8:43 AM EDT
Get Alerts SGEN Hot Sheet
Price: $228.74 --0%

Rating Summary:
    10 Buy, 18 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 6 | New: 8
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Goldman Sachs resumes coverage on Seattle Genetics (NASDAQ: SGEN) with a Neutral rating and $20 price target.

The firm views the company as a high quality story, with the first targeted drug to treat niche blood cancers. However, they believe the current valuation reflects Adcetris's initial opportunity.

For more ratings news on Seattle Genetics click here and for the rating history of Seattle Genetics click here.

Shares of Seattle Genetics closed at $19.04 yesterday.


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