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Fly News Breaks for March 12, 2019
ATNX
Mar 12, 2019 | 09:22 EDT
RBC Capital analyst Kennen MacKay lowered his price target on Athenex to $29 after it Q4 earnings miss, saying the termination of its KX-391 China partnership kept it from achieving a $14.5M revenue milestone. The analyst is keeping his Outperform rating on the shares however, noting that the company's "API/specialty-pharma business is continuing to execute ahead of mid-2019 phase 3 Oraxol data".
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