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Vetr Upgrade's REGN's On Price Growth Following Positive Guidance

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The Vetr crowd upgraded its rating for Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) from 1 star (Strong Sell), issued three days ago, to 3 stars (Hold). Crowd sentiment at the time of the downgrade was edging cautious, with 55 percent of Vetr user ratings bearish.

May has been good to shares in the pharmaceutical company, which is up more than 17 percent over the first 18 days of the month. This is in part due to a successful earnings report, in addition to the company's affirmation on positive guidance for 2017 that promised continued revenue growth.

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Currently, the Vetr crowd's average target price for Regeneron is down at $437.82, which is still above the average analyst target price of $431.90. Less than 2 percent of Vetr users are holding REGN in their watch lists.

Latest Ratings for REGN

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

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Posted-In: VetrBiotech Upgrades Health Care Price Target Crowdsourcing Analyst Ratings

 

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