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Fly News Breaks for February 21, 2020
AERI
Feb 21, 2020 | 06:34 EDT
JMP Securities analyst Donald Ellis lowered his price target on Aerie Pharmaceuticals to $35 after its Q4 earnings miss and FY20 guidance, also updating his "spec. pharma" average PEG ratio target to 2.9-times from 1.3-times. The analyst still keeps his Outperform rating on the stock, with a positive view of increasing demand for its Rocklatan and advancement of its pipeline, with increased focus to develop therapies for back of the eye diseases.
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