Medivation (MDVN) PT Raised to $52 at Jefferies

Jefferies analyst Biren Amin raised his price target on Medivation (NASDAQ: MDVN) to $52.00 (from $39.00) following a Xtandi survey but maintained a Hold rating.

Amin commented, "We surveyed 50 physicians on current/projected Xtandi use and the trend appears to show increasing usage in most mCRPC populations especially after noting the STRIVE/TERRAIN data. Another key observation is duration of therapy for Xtandi extends meaningfully,further reversing a shortening duration seen in previous surveys. These conclusions drive our raising of expectations for Xtandi."

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

Shares of Medivation closed at $57.80 yesterday.

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