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Fly News Breaks for February 3, 2016
PFE, AXON
Feb 3, 2016 | 07:38 EDT
Baird said the selloff in Axovant (AXON) due to Pfizer's (PFE) announcement that it would discontinue a clinical study of its own Alzheimer compound is a buying opportunity. The firm believes there is a disconnect between the two and sees a number of reasons to think the connection is an oversimplification. Baird reiterated its Buy rating and $29 price target on Axovant Sciences shares.
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