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In a report published Friday, Deutsche Bank Markets Research analyst Robyn Karnauskas upgraded Sarepta (NASDAQ: SRPT) to Buy and increased the PT to $71.

Karnauskas noted that Drisapersen didn't hit primary endpoints and older boys responded worse with treatment. This phase III trial failure of Drisapersen removes any competitive overhang for SRPT as Sarepta will get approval for Eteplirsen. The analyst wrote, “We think Eteplirsen can get a higher 80% share in Exon-51 DMD and assign 75% probability to success in both US and EU (we were previously assigning 0% probability to EU).”

Deutsche Bank pointed to “sensitivities over the long-run suggest FV in the $98-125/sh range” with a possible $88 increase given success of exon program.

SRPT closed at $43.30 on Friday, up more than 18 percent for the session.

Latest Ratings for SRPT

Feb 2015Cowen & CompanyDowngradesOutperformMarket Perform
Feb 2015Bank of AmericaUpgradesBuy
Jan 2015WedbushInitiates Coverage onNeutral

View More Analyst Ratings for SRPT
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings


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