Information Provided By:
Fly News Breaks for December 13, 2018
ALKS
Dec 13, 2018 | 09:04 EDT
Credit Suisse analyst Vamil Divan double downgraded Alkermes to Underperform from Outperform and lowered his price target for the shares to $31 from $47. The stock closed yesterday at $35.50. The analyst, who admits to being a long time bull of the company, sees "limited drivers" in 2019 to turn the story around following a "series of disappointing or underwhelming pipeline catalysts." He removed sales of depression drug ALKS 5461 from his model and lowered expectations for schizophrenia drug ALKS 3831 after Phase 3 data indicated to him a "more limited commercial opportunity."
News For ALKS From the Last 2 Days
There are no results for your query ALKS