UPDATE: Jefferies Raises PT to $104 on ONYX Pharmaceuticals on Kyprolis Survey Data

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Jefferies maintained ONYX Pharmaceuticals
ONXX
with a Buy rating and raised the price target from $96.00 to $104.00. Jefferies analyst Biren Amin commented, "Based on recent events incl frontline data and NCCN Compendium listing, and Pomalyst launch, we conducted a follow-up survey in myeloma, and observed 1st/2nd line Kyprolis use could be significantly higher than consensus. We raise our Kyprolis sales projections with a new $104 PT (v $96 previously)." ONYX Pharmaceuticals closed at $86.61 on Monday.
Posted In: Analyst ColorPrice TargetAnalyst RatingsJefferies
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