Kite Pharma Reports Fourth Quarter and Full-Year 2015 Financial Results

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Jefferies Reiterates Buy on Kite Pharma (KITE) Following a Mixed 4Q - PT to $75

March 1, 2016 9:31 AM EST

Jefferies maintained a Buy rating on Kite Pharma (NASDAQ: KITE), and cut the price target to $75.00 (from $92.00), following the company's 4Q earnings conference call. KITE reported Q4 revenues of $4.9M, coming in ahead of Jefferies' estimate of $4.4M. GAAP EPS of ($0.85) also beat estimates... More