Buy Ionis Pharmaceuticals (IONS) on Growth Concerns Weakness - Needham & Company

Go back to Buy Ionis Pharmaceuticals (IONS) on Growth Concerns Weakness - Needham & Company

Ionis Pharmaceuticals (IONS) PT Raised to $67 at BMO Capital; Buy on Weakness

July 25, 2017 1:51 PM EDT

BMO Capital raised its price target on Ionis Pharmaceuticals (NASDAQ: IONS) to $67.00 (from $62.00) while maintaining a Outperform rating.

Analyst Do Kim recommends buying on weakness following Biogen comments on Spinraza growth to slow in 2H17.

"We believe Spinraza has... More

Ionis (IONS) Partner Biogen Reports Blow-Out Spinraza Sales - BMO Capital

July 25, 2017 7:50 AM EDT

BMO Capital analyst Do Kim notes Ionis Pharmaceuticals (NASDAQ: IONS) partner Biogen reported 2Q17 Spinraza sales of $203mn, easily beating our $71mn and Street's $75mn.

"Even with rising expectations heading into BIIB's earnings, Spinraza exceeded growing buyside estimates of $100-150mn.... More