Analyst Points Out Sarepta Mgmt Has Not Adjusted Outlook for Eteplirsen's Breakthrough Designation
Shares of Sarepta (NASDAQ: SRPT) bounced into positive territory about an hour into Wednesday's morning session as traders responded to a Bloomberg interview with Baird's Brian Skorney.
Contrasting an earlier view from Deutsche Bank's Robyn Karnauskas, Skorney assured Sarepta has not yet changed its guidance for the breakthrough designation on eteplirsen. The analyst noted Sarepta management has said it will deciding on a strategy for eteplirsen over the next few months.
Skorney currently rates Sarpeta at Outperform with a $63 price target.
Sarepta shares have continued higher since pushing into positive territory. The stock is up more than 1.8 percent to $40.47 at last check.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.