Seattle Genetics (SGEN) Misses Q2 EPS by 12c, Offers Outlook

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Cowen Raises Price Target on Seattle Genetics (SGEN) Following 2Q15

July 31, 2015 8:46 AM EDT

Cowen reiterated a Market Perform rating on Seattle Genetics (NASDAQ: SGEN), and raises the price target to $40.50 (from $34.00), following 2Q15 results. SGEN posted Adcetris sales of $55.1M for 2Q15, ahead of consensus $50.9M estimates.

Analyst Boris Peaker commented, "SGEN reported 2Q15... More