Seattle Genetics (SGEN) Tops Q4 EPS by 3c

Go back to Seattle Genetics (SGEN) Tops Q4 EPS by 3c

Seattle Genetics (SGEN) PT Cut at BofA/Merrill Lynch on Lower Adcetris Sales

February 11, 2015 6:57 AM EST

BofA/Merrill Lynch analyst Steve Byrne reiterated an Underperform rating while lowering estimates and his price target on Seattle Genetics (NASDAQ: SGEN) to $33.00 (from $35.00) on cautious Adcetris sales.

Byrne notes Adcetris guidance represents around 15% year-over-year growth. Meanwhile, the analyst sees 2015 U.S.... More