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UPDATE: Ariad Pharmaceuticals Downgraded by Citigroup

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In a report published on Monday, lead analyst Yaron Werber downgraded Ariad Pharmaceuticals (NYSE: ARIA) from a Neutral/High Risk to Sell/High Risk yet raising price target to $5.50 from $2.50.

The reported stated, “While the earlier than expected return of Iclusig to the US market is a positive, we expect the re-launch to be challenging with a tightly restricted label and headwinds from the current safety profile. We see more potential for negative surprise over the next 12-mos +model lower sales ests than consensus.”

ARIA closed Friday at $7.15 and is currently trading at $6.71.

Latest Ratings for ARIA

DateFirmActionFromTo
May 2016Cowen & CompanyUpgradesMarket PerformOutperform
Mar 2016JMP SecuritiesMaintainsMarket Outperform
Jan 2016BarclaysInitiates Coverage onUnderweight

View More Analyst Ratings for ARIA
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Posted-In: Downgrades Price Target Analyst Ratings

 

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