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Fly News Breaks for October 2, 2018
ATRS
Oct 2, 2018 | 13:57 EDT
Jefferies analyst Anthony Petrone raised his price target on Antares Pharma to $7 from $5, calling FDA approval of Xyosted a "game changer." He does not believe the inclusion of a black box warning in the label is a significant surprise nor a deal breaker for doctors, Petrone tells investors. The analyst, who thinks the company could take anywhere from 20% to 60% of the $1.5B-$2.0B TRT market over time, sees upside to $15 on a strong roll out of Xyosted, he added. Petrone keeps a Buy rating on Antares shares, which are up 17.5% to $3.83 in afternoon trading.
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