Tetraphase Pharma (TTPH) Misses Q2 EPS by 10c

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Needham & Company Raises Price Target on Tetraphase Pharma (TTPH) to $56 Ahead of Phase 3 cUTI Results

August 6, 2015 8:56 AM EDT

Needham & Company reiterated a Buy rating on Tetraphase Pharmaceuticals (NASDAQ: TTPH), and raised the price target to $56.00 (from $46.00), ahead of Phase 3 cUTI results. Analyst Alan Carr believes that superiority is probable given encouraging data from the lead-in portion of the trial. TTPH reiterated its... More