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UPDATE: Credit Suisse Initiates Regeneron Pharmaceutical at Outperform

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Credit Suisse initiales coverage on Regeneron Pharmaceutical (NASDAQ: REGN) with an Outperform rating and a $187 price target.

Credit Suisse said, "The primary value driver remains quarterly sales of Eylea. Proposed legislation regulating compounding pharmacies, a permanent J code in January and the launch in RVO could all help boost sales. Competitor data for Amgen's AMG145 (anti-PCSK9) and Ophthotech's Fovista have all recently been disclosed, and key clinical data for Regeneron are limited in the near term."

Regeneron Pharmaceutical closed at $144.90 on Monday.

Latest Ratings for REGN

DateFirmActionFromTo
May 2017Canaccord GenuityUpgradesHoldBuy
Mar 2017UBSInitiates Coverage OnBuy
Feb 2017PiperJaffrayUpgradesNeutralOverweight

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Posted-In: Credit SuisseAnalyst Color Initiation Intraday Update Analyst Ratings

 

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