Market Overview

UPDATE: Piper Jaffray Upgrades Osiris Therapeutics to Overweight on Strong Biosurgery Growth

Related OSIR
Mid-Afternoon Market Update: Dicks Sporting Goods Slips On Earnings Miss; Airgas Shares Spike Higher
Mid-Day Market Update: Dow Rises 100 Points; Urban Outfitters Shares Slide On Weak Sales

Piper Jaffray upgraded Osiris Therapeutics (NASDAQ: OSIR) from Neutral to Overweight and maintained a $11.50 price target.

Piper Jaffray commented, "Osiris is blowing the doors off Biosurgery sales: up 284% yr/yr and 36% sequentially to $2.9 million in 4Q:12 and totaling $7.8 million for 2012. We now forecast Biosurgery sales growth of 123% to $17.5 million this year. Based on this robust growth, we are upgrading Osiris to Overweight and maintaining our $11.50 price target. Keep in mind that Osiris regained full rights to Prochymal from Genzyme/Sanofi and is now free to sign a new global licensing partnership."

Osiris Therapeutics closed at $6.91 on Tuesday.

Latest Ratings for OSIR

Nov 2015Brean CapitalDowngradesHoldSell
Oct 2015Brean CapitalAssumesHold
Dec 2014Brean CapitalInitiates Coverage onBuy

View More Analyst Ratings for OSIR
View the Latest Analyst Ratings

Posted-In: Piper JaffrayAnalyst Color Upgrades Analyst Ratings


Related Articles (OSIR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters