Lion Biotechnologies (LBIO) Tops Q4 EPS by 5c

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Lion Biotechnologies (LBIO) PT Lowered to $11 at Jefferies Following 4Q

March 8, 2017 7:25 AM EST

Jefferies lowered its price target on Lion Biotechnologies (NASDAQ: LBIO) to $11.00 (from $13.00) while maintaining a Buy rating. LBIO reported 4Q EPS of $(0.25) vs consensus of $(0.22).

Analyst Biren Amin commented, "LBIO reported 4Q16 financials and provided a pipeline update. LN-144 is on track... More