Market Overview

UPDATE: Dawson James Initiates Coverage on Ariad Pharmaceuticals with Market Outperform Rating, $32 PT

Share:
Related ARIA
Technical Alert: Finding Resistance In Ariad Pharmaceuticlas After Q2 Report
Mid-Afternoon Market Update: Crude Oil Up Over 3%; Lumber Liquidators Shares Spike Higher
Biotech Forum Daily Digest: Biotech Tries To Break Through Upward Resistance Levels (Seeking Alpha)

In a report published Friday, Dawson James initiated coverage on Ariad Pharmaceuticals (NASDAQ: ARIA) with a Market Outperform rating and $32.00 price target.

Dawson James noted, “We are initiating coverage of Ariad Pharmaceuticals with a Market Outperform rating and a twelve-month price target of $32. Ariad is a developer of differentiated cancer medicines characterized by best-in-class properties such as efficacy, safety/tolerability and patient convenience. Ariad is developing two compounds with blockbuster potential: ponatinib, for the treatment of chronic myeloid leukemia (CML) and AP26113 (‘113) for the treatment of ALK- and EGFR-positive non-small cell lung cancer (NSCLC). Ariad represents a rare investment opportunity in the biotechnology space - that of a self-sufficient, fully integrated company that develops and markets its own products on a worldwide basis. In many ways, Ariad reminds us of Celgene (CELG, Market Outperform) in the early years of the development of Revlimid, with similar longterm potential.”

Ariad Pharmaceuticals closed on Thursday at $21.91.

Latest Ratings for ARIA

DateFirmActionFromTo
Jul 2016BarclaysMaintainsUnderweight
May 2016Cowen & CompanyUpgradesMarket PerformOutperform
Mar 2016JMP SecuritiesMaintainsMarket Outperform

View More Analyst Ratings for ARIA
View the Latest Analyst Ratings

Posted-In: Dawson JamesAnalyst Color Initiation Analyst Ratings

 

Related Articles (ARIA)

View Comments and Join the Discussion!