Market Overview

Canaccord Genuity Reiterates Buy Rating, $11 PT on Raptor Pharmaceutical

Related RPTP
Benzinga's Top Initiations
Oppenheimer initiates Raptor Pharmaceutical At Market Perform

In a report published Wednesday, Canaccord Genuity reiterated its Buy rating and $11.00 price target on Raptor Pharmaceutical (NASDAQ: RPTP).

Canaccord Genuity noted, “Reiterate BUY, $11 target on high chance of PROCYSBI H1/13 US and 2014 EU approval/launch. We expect PROCYSBI to be approved in the US (March 30 PDUFA) and EU, with H1/13 and 2014 launches, respectively. We predict manageable payor pushback on premium orphan pricing and quick adoption. Our $11 target is based on a pNPV analysis.”

Raptor Pharmaceutical closed on Monday at $5.39.

Latest Ratings for RPTP

DateFirmActionFromTo
Oct 2014OppenheimerInitiates Coverage onMarket Perform
May 2014Leerink SwannMaintainsOutperform
Feb 2014WedbushDowngradesNeutralUnderperform

View More Analyst Ratings for RPTP
View the Latest Analyst Ratings

Posted-In: Canaccord GenuityAnalyst Color Reiteration Analyst Ratings

 

Related Articles (RPTP)

Around the Web, We're Loving...

Get Benzinga's Newsletters