Seattle Genetics Inc. (SGEN) Tops Q1 EPS by 8c

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Seattle Genetics (SGEN) Weakness Creates Buying Opportunity, Says Analyst

May 2, 2014 1:28 PM EDT

H.C. Wainwright reiterated a Buy rating on Seattle Genetics (NASDAQ: SGEN) with a price target of $65. Analyst Andrew S. Fein thinks recent macro weakness has opened a buying opportunity.

"Yesterday, SGEN reported 1Q14 financial results and gave an update on its development and clinical activities, which demonstrates that the underlying value of its... More