UPDATE: Stifel Reiterates Buy Rating, Raises PT on Ophthotech Corp. Following 3Q14 Report

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In a report published Wednesday, Stifel analyst Stephen Willey reiterated a Buy rating on

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Ophthotech Corp.

(NASDAQ: OPHT), and raised the price target from $58.00 to $59.00.In the report, Stifel noted, “P3 enrollment remains on track and the tivozantib licensing agreement creates some additional low-cost optionality. Increased $59 target (previously $58) reflects refinement of Novartis milestone payments. Remain Buy-rated.”Ophthotech Corp. closed on Tuesday at 41.74.