Baird Downgrades Onyx Pharmaceuticals (ONXX) to Neutral

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Jefferies Cuts Onyx (ONXX) to Hold, Sees Limited Upside

August 2, 2013 8:25 AM EDT

Jefferies downgraded Onyx Pharmaceuticals (NASDAQ: ONXX) from Buy to Hold with a price target of $132.00 (from $104.00). Analyst Biren Amin sees limited upside from current levels.

"Given the M&A interest in ONXX we are downgrading to Hold on valuation and raising our PT... More