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Fly News Breaks for September 17, 2018
EXEL
Sep 17, 2018 | 06:39 EDT
Goldman Sachs analyst Paul Choi started Exelixis with a Neutral rating and $22 price target. The analyst thinks the shares are likely to be range bound until greater clarity emerges on the longer-term role of Cabometyx in renal cell carcinoma and advanced hepatocellular carcinoma. Choi initiated coverage of the smid-cap biotech sector with a Neutral coverage view. He views sector fundamentals as healthy but says high valuations temper his enthusiasm.
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