UPDATE: Stifel Reiterates Buy Rating, Raises PT on Ophthotech Corp. Following 3Q14 Report

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In a report published Wednesday, Stifel analyst Stephen Willey reiterated a Buy rating on
Ophthotech Corp.OPHT
, and raised the price target from $58.00 to $59.00. In the report, Stifel noted, “P3 enrollment remains on track and the tivozantib licensing agreement creates some additional low-cost optionality. Increased $59 target (previously $58) reflects refinement of Novartis milestone payments. Remain Buy-rated.” Ophthotech Corp. closed on Tuesday at 41.74.
Posted In: Analyst ColorPrice TargetAnalyst RatingsStephen WilleyStifel
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