Puma Biotech (PBYI) Reports Q3 EPS of $0.17

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BofA/Merrill Lynch Downgrades Puma Biotechnology (PBYI) to Underperform

November 2, 2018 9:18 AM EDT

BofA/Merrill Lynch analyst Ying Huang downgraded Puma Biotechnology (NASDAQ: PBYI) from Buy to Underperform with a price target of $25.00 (from $92.00).

The analyst cites weak Nerlynx sales for the dramatic reversal of opinion.

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JPMorgan Downgrades Puma Biotechnology (PBYI) to Underweight

November 2, 2018 5:55 AM EDT

JPMorgan analyst Cory Kasimov downgraded Puma Biotechnology (NASDAQ: PBYI) from Neutral to Underweight with a price target of $23.00 (from $83.00).

The analyst is incrementally more negative citing the "significantly tempered" expectations on Nerlynx.

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Barclays Downgrades Puma Biotechnology (PBYI) to Underweight

November 2, 2018 4:32 AM EDT

Barclays analyst Gena Wang downgraded Puma Biotechnology (NASDAQ: PBYI) from Equalweight to Underweight with a price target of $29.00 (from $72.00).

The analyst steps aside citing the Q3 revenue miss along with a lack of growth clarity on Nerlynx.

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