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Fly News Breaks for August 6, 2015
OREX
Aug 6, 2015 | 11:01 EDT
Piper Jaffray analyst Charles Duncan raised his price target on Orexigen to $21 from $17 after the company's Q2 sales of Contrave topped the firm's and consensus expectations. Duncan also believes the certainty provided by the Takeda dispute being resolved removes a key barrier to the perception of Contrave's potential success and maintains an Overweight rating on the stock, which is up about 16% to $4.44 this morning.
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