Market Overview

UPDATE: Stifel Nicolaus Cuts PT to $118 on Alexion Pharmaceuticals; 2013 is Back-Weighted

Share:
Related ALXN
Short Sellers Dump Vertex, Load Up On Baxalta
12 Stocks Moving In Thursday's Pre-Market Session
Biotech Forum Daily Digest: M&A Picks Up, Gilead Finally Disappoints! Spotlight On InVivo Therapeutics (Seeking Alpha)

Stifel Nicolaus maintained Alexion Pharmaceuticals (NASDAQ: ALXN) with a Buy rating and lowered the price target from $125.00 to $118.00.

Stifel Nicolaus said, "Alexion posted FY12 top/bottom-line growth of >40% in the 5th consecutive year of Soliris commercialization – growth that appears readily achievable once again in FY13. While acknowledging the timing of European aHUS reimbursements and incremental data/news flow (mostly 2H13-weighted) is likely limiting the sense of urgency here, we remain hard-pressed to find a company with better fundamentals. We're taking our previously Street-high FY13 and forward-year estimates down marginally, reducing our target price to $118 (previously $125), and remaining Buy-rated."

Alexion Pharmaceuticals closed at $87.63 on Thursday.

Latest Ratings for ALXN

DateFirmActionFromTo
Apr 2016BMO CapitalUpgradesMarket PerformOutperform
Apr 2016BMO CapitalInitiates Coverage onMarket Perform
Mar 2016BairdDowngradesOutperformNeutral

View More Analyst Ratings for ALXN
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (ALXN)

View Comments and Join the Discussion!