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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Onyx Pharmaceuticals

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UPDATE: Stifel Terminates Coverage on Onyx Pharmaceuticals Following Acquisition by Amgen

In a report published Friday, Jefferies & Company reiterated its Buy rating on Onyx Pharmaceuticals (NASDAQ: ONXX), and raised its price target from $101.00 to $103.00.

Jefferies noted, “ONXX reported a strong Kyprolis U.S. sales launch w/ $19M in only 8 wks into the launch (v. JEF: $3M), citing contributing factors such as pre-identification of pts prior to launch, and Kyprolis as the first tx in the salvage setting serving an unmet medical need. As a result we have adjusted our 2012-2013 Kyprolis revenues and raised our PT to $103 from $101, and reiterate our Buy.”

Onyx Pharmaceuticals closed on Thursday at $80.33.

Latest Ratings for ONXX

DateFirmActionFromTo
Nov 2013Stifel NicolausTerminates
Aug 2013Maxim GroupDowngradesBuyHold
Aug 2013Summer StreetDowngradesBuyNeutral

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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