Market Overview

Morgan Stanley Reiterates Equal-Weight Rating on InterMune Following 2Q Sales Results


In a report published Thursday, Morgan Stanley analyst David Friedman reiterated an Equal-Weight rating and $9.00 price target on InterMune (NASDAQ: ITMN).

In the report, Morgan Stanley noted, “2Q sales of $14.4mn were above our $12.25mn estimate. Intermune increased the sales guidance range to $55-$70mn vs. the prior $40-$55mn with an add'l $0-15mn tentative launch revenue amount based on country approvals. The changed guidance is likely in large part due to now confirmed summer launches in Italy and England, as these launches were part of the ‘tentative launch revenue' tranche within the prior guidance. Management commentary on improved penetration across all launched countries and modest improvements in persistent rates is another positive that likely contributed to the guidance change. That being said, we still expect Esbriet's growth to remain measured, in-line with our steady growth model.”

InterMune closed on Wednesday at $12.81.

Latest Ratings for ITMN

Aug 2014Cowen & Co.Initiates Coverage onMarket Perform
Aug 2014UBSDowngradesBuyNeutral
Aug 2014JMP SecuritiesDowngradesMarket OutperformMarket Perform

View More Analyst Ratings for ITMN
View the Latest Analyst Ratings


Related Articles (ITMN)

View Comments and Join the Discussion!

Posted-In: David Friedman Morgan StanleyAnalyst Color Reiteration Analyst Ratings

Latest Ratings

DEBMO CapitalMaintains400.0
PRITruist SecuritiesMaintains165.0
SHAKJP MorganMaintains70.0
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