Market Overview

UPDATE: Stifel Nicolaus Initiates Buy, $29 Target on BioSpecifics Technologies

Share:

Stifel Nicolaus initiates its coverage on BioSpecifics Technologies (NASDAQ: BSTC) with a Buy rating and a price target of $29 on upside potential from Ziaflex.

Stifel Nicolaus says, "We view Biospecfics as a low-risk way to benefit from a potential Xiaflex resurgence. With little at risk in the form of committed R&D funding, BSTC investors are positioned to benefit from potential upside in the Xiaflex franchise via an 8.5% share of milestone payments and an approximate 10.5% royalty on sales. We estimate royalty revenue of $11.5 million in 2012, driving EPS of $0.84."

BSTC closed at $17.36 a share on Wednesday.

 

Related Articles (BSTC)

View Comments and Join the Discussion!

Posted-In: Stifel NicolausAnalyst Color Price Target Initiation Intraday Update Analyst Ratings

Latest Ratings

StockFirmActionPT
TXNDeutsche BankMaintains170.0
BYDDeutsche BankMaintains56.0
MELIDeutsche BankMaintains2,200.0
ALVMizuhoMaintains104.0
TXNMizuhoMaintains175.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com