Citi Starts Keryx Biopharmaceuticals (KERX) at Sell

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Brean Capital Reiterates Buy on Keryx Biopharma (KERX) on Potential Catalysts and Improving Sales Dynamics

September 4, 2015 9:02 AM EDT

Brean Capital reiterated a Buy rating and $22.00 price target on Keryx Biopharmaceuticals (NASDAQ: KERX) on potential catalysts and improving sales dynamics. Keryx's 50% salesforce increase should make a noticeable impact on revenue, on which analyst Jonathan Aschoff says Keryx will be judged more than its bottom line, for the foreseeable future.

Aschoff commented, "We view the recent Keryx selloff as overdone, especially when considering several factors that we believe have led to a... More