After-hours movers: First Republic resumes free-fall despite lifeline, FedEx surges on raised guidance
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FedEx (FDX) PT Raised to $242 at Stifel
March 17, 2023 1:23 PM EDTStifel analyst J. Bruce Chan raised the price target on FedEx (NYSE: FDX) to $242.00 (from $222.00) while maintaining a Buy rating.
The analyst commented, "As we previewed earlier this week, a soft operating environment in F3Q23 led to top line pressure at... More
Sarepta (SRPT) sinks 20% as surprise FDA AdComm for SRP-9001 adds risk
March 17, 2023 6:52 AM EDTShares of Sarepta Therapeutics (NASDAQ: SRPT) fell 20% in pre-open trading Friday after the company announced a surprise FDA AdComm for SRP-9001, its investigational gene therapy for the treatment of Duchenne muscular dystrophy. The news comes just a few weeks after management indicated that there would be no AdComm.
While the news adds a layer of risk, most analysts still expected FDA approval at the May 29th PDUFA date.
"FDAs decision to hold a public advisory committee meeting on the SRP 9001 BLA is a change from the communicated... More
NVIDIA (NVDA) PT Raised to $305 at Citi, 'Generative AI Arms Race'
March 17, 2023 6:10 AM EDTCiti analyst Atif Malik raised the price target on NVIDIA (NASDAQ: NVDA) to $305.00 (from $245.00) while maintaining a Buy rating.
The analyst comments "We lift our TP to $305 from $245 with a bull case of $400 on accelerating generative AI adoption based on multiple cloud... More
