Ophthotech Corp (OPHT) Misses Q2 EPS by 6c

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Go back to Ophthotech Corp (OPHT) Misses Q2 EPS by 6c

UPDATE: Goldman Sachs Expects Underperformance at Ophthotech (OPHT), Cuts to Sell

August 7, 2015 7:02 AM EDT

(Updated - August 7, 2015 9:40 AM EDT)

Goldman Sachs downgraded Ophthotech Corp (NASDAQ: OPHT) from Neutral to Sell with a price target of $45 (unchanged). Analyst Terence Flynn expects share price underperformance due to competitor updates, as well as lack of meaningful catalysts.

"One of the tenants to our thesis has been potential future competition... More