February 28, 2014 8:06 AM | 28 seconds read |
In a report published Friday, Credit Suisse analyst Ravi Mehrotra downgraded the rating on
InterMune (NASDAQ: ITMN) from Outperform to Neutral, but reiterated the $33.00 price target.In the report, Credit Suisse noted, “Our $33 TP, Esbriet estimates, and P&L modeling remain unchanged (after our inclusion of US Esbriet revenues following positive ASCEND data earlier this week). With the stock price around our target price and the balance of risk/reward reflected in the stock price, we move ITMN to Neutral based on the key points/observations below.”InterMune closed on Thursday at $30.65.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.