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Fly News Breaks for April 15, 2019
CLVS
Apr 15, 2019 | 07:37 EDT
SunTrust analyst Peter Lawson lowered his price target on Clovis to $28 after the company announced that it was discontinuing Phase 2 ATLAS trial of monotherapy PARP inhibitor rucaparib in urothelial bladder cancer. The analyst notes that he has removed the bladder cancer from his model but sees upside in the stock coming from the company's ovarian cancer program and following the 10%-15% decline in price. Lawson also keeps his Buy rating on Clovis shares.
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