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UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Celgene Corporation

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In a report published Friday, Jefferies reiterated its Buy rating on Celgene Corporation (NASDAQ: CELG), and raised its price target from $104.00 to $114.00.

Jefferies noted, “On its 4Q earnings call, CELG focused details around achieving the 2017 guidance laid out earlier this month. We are raising our price target from $104 to $114 as we are adding modest apremilast to our valuation and raising our expectations for Abraxane penetration in pancreatic cancer following positive Phase 3 data released yesterday.”

Celgene Corporation closed on Thursday at $97.49.

Latest Ratings for CELG

Oct 2015JPMUpgradesNeutralOverweight
Sep 2015JefferiesInitiates Coverage onBuy
Jul 2015Morgan StanleyMaintainsEqual-weight

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