Array Biopharma (ARRY) Tops Q2 EPS by 12c; CFO Resigns; Updates on Novartis Agreement

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Array BioPharma (ARRY) PT Lifted to $15 at Piper Jaffray; Proforma Cash Of $222 Million To File NDAs

February 4, 2015 9:16 AM EST

Piper Jaffray analyst Edward Tenthoff boosted his price target on Overweight-rated Array BioPharma (NASDAQ: ARRY) to $15.00 (from $9.00) with the company ending Q2 with proforma cash of $222M to file NDAs.

Tenthoff commented, "Array ended FY2Q:15 with $142 million in cash. Including the... More