UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Celgene Corporation
In a report published Monday, Jefferies & Company reiterated its Buy rating on Celgene Corporation (NASDAQ: CELG), and raised its price target from $91.00 to $94.00.
Jefferies noted, “CELG announced Abraxane met its overall survival primary endpoint in its Phase 3 pancreatic cancer study. We have long considered this indication to be risky and upside to our valuation. Adding pancreatic cancer to our valuation raises our price target from $91 to $94.”
Celgene Corporation closed on Friday at $71.50.
Latest Ratings for CELG
|Apr 2016||Credit Suisse||Maintains||Outperform|
|Apr 2016||BMO Capital||Initiates Coverage on||Outperform|
|Mar 2016||JMP Securities||Maintains||Market Outperform|
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