Needham & Company Reiterates Buy on Alnylam Pharmaceuticals (ALNY), Says Stock Undervalued
Get Alerts ALNY Hot Sheet
Price: $145.16 -0.11%
Rating Summary:
24 Buy, 13 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Rating Summary:
24 Buy, 13 Hold, 1 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
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Needham & Company reiterated their Buy rating on Alnylam Pharmaceuticals (NASDAQ: ALNY) and price target of $20.00.
Alnylam management reviewed 2Q12 in a conference call after market close yesterday. During the call, they announced new preclinical data supporting feasibility of subcutaneous administration of RNAi. Given the encouraging data, management guided for ALN-TTRsc IND submission in 2H12 and ALN-AT3 IND submission in 2013, said analyst Alan Carr in a research note today.
"Overall, we are impressed by the consistency in safety, PK, and efficacy profiles of the company’s candidates across preclinical models and in human trials. We believe the stock is undervalued," added Carr.
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 $18.44 yesterday.
Alnylam management reviewed 2Q12 in a conference call after market close yesterday. During the call, they announced new preclinical data supporting feasibility of subcutaneous administration of RNAi. Given the encouraging data, management guided for ALN-TTRsc IND submission in 2H12 and ALN-AT3 IND submission in 2013, said analyst Alan Carr in a research note today.
"Overall, we are impressed by the consistency in safety, PK, and efficacy profiles of the company’s candidates across preclinical models and in human trials. We believe the stock is undervalued," added Carr.
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 $18.44 yesterday.
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