Canaccord Maintains Hold, $23 Target on Genomic Health


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Canaccord reiterates its Hold rating and $23 target on Genomic Health (NASDAQ: GHDX) as the company's DCIS test is validated at San Antonio breast cancer meeting. Canaccord says, “DCIS study met primary endpoint. The DCIS validation study demonstrated that 75% of patients have a low DCIS score and have only a 12% chance of recurrence, while high DCIS scores had a 27% likelihood of recurrence. …DCIS market estimates. With approximately 40,000 patients diagnosed with DCIS in the US each year, we estimate the opportunity at $130M.” GHDX closed at $28.47 per share on Tuesday.

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Posted In: Analyst ColorReiterationAnalyst RatingsCanaccord