Spectrum Pharma (SPPI) Tops Q4 EPS by 25c

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Spectrum Pharmaceuticals (SPPI) PT, Estimate Cut at Jefferies

March 16, 2015 9:10 AM EDT

Jefferies analyst Ryan Martins lowered estimates and his price target on Hold-rated Spectrum Pharmaceuticals (NASDAQ: SPPI) to $6.00 (from $8.00) following Q4 results.

Martins commented, "We have lowered our PT to $6 from $8 as we have risk adjusted Fusilev sales after 2Q15 (20% probability of achieving our... More