Puma Biotech (PBYI) Tops Q1 EPS by 89c

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Puma Biotechnology (PBYI) PT Lowered to $41 at Cowen

May 10, 2019 6:27 AM EDT

Cowen analyst Chris Shibutani lowered the price target on Puma Biotechnology (NASDAQ: PBYI) to $41.00 (from $56.00) while maintaining a Market Perform rating.

The analyst comments "1Q19 Nerlynx sales widely missed expectations owing to a mix of factors, some familiar (greater discontinuations), others more discomforting... More