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UPDATE: Jefferies Raises PT to $104 on ONYX Pharmaceuticals on Kyprolis Survey Data

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Jefferies maintained ONYX Pharmaceuticals (NASDAQ: ONXX) with a Buy rating and raised the price target from $96.00 to $104.00.

Jefferies analyst Biren Amin commented, "Based on recent events incl frontline data and NCCN Compendium listing, and Pomalyst launch, we conducted a follow-up survey in myeloma, and observed 1st/2nd line Kyprolis use could be significantly higher than consensus. We raise our Kyprolis sales projections with a new $104 PT (v $96 previously)."

ONYX Pharmaceuticals closed at $86.61 on Monday.

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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