Market Overview

UPDATE: Piper Jaffray Reiterates Overweight Rating, Raises PT on Isis Pharmaceuticals

Share:
Related ISIS
Piper Jaffray Makes 15 'Provocative' Predictions For Biopharma Sector In 2016
Benzinga's Top Initiations

In a report published Wednesday, Piper Jaffray & Co. reiterated its Overweight rating on Isis Pharmaceuticals (NASDAQ: ISIS), and raised its price target from $15.00 to $18.00.

Piper Jaffray noted, “ISIS is the leading antisense company with a rich pipeline of drugs in development. The primary driver for ISIS shares remains KYNAMRO with European approval this year and a January 29, 2013 PDUFA date. While ISIS shares have risen considerably since May 1st, we look for continued upside driven by KYNAMRO approval, clinical data read-outs and new partnerships. ISIS remains a Top Pick for 2H:12.”

Isis Pharmaceuticals closed Tuesday at $13.74.

Latest Ratings for ISIS

DateFirmActionFromTo
Dec 2015Wells FargoInitiates Coverage onOutperform
Nov 2015Goldman SachsInitiates Coverage onNeutral
Nov 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for ISIS
View the Latest Analyst Ratings

Posted-In: Piper Jaffray & Co.Analyst Color Price Target Analyst Ratings

 

Related Articles (ISIS)

Get Benzinga's Newsletters