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Fly News Breaks for May 15, 2015
CLVS
May 15, 2015 | 07:04 EDT
Piper Jaffray analyst Charles Duncan downgraded Clovis Oncology to Neutral following the recent rally in shares. Duncan still believes rociletinib is likely to capture "significant" lung cancer market share, but he wants to take a "conservative stance" pending a greater understanding of the competitive landscape. The analyst keeps a $100 price target for Clovis shares. The stock closed yesterday up $14.40 to $100.40.
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