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Fly News Breaks for May 10, 2019
PBYI
May 10, 2019 | 06:39 EDT
JPMorgan analyst Cory Kasimov lowered his price target for Puma Biotechnology to $19 from $27 saying Q1 Nerlynx sales of $46M fell well below his and Street expectations. Experience suggests that" stalled launches aren't quick and/or easy to fix," Kasimov tells investors in a post-earnings research note. He reiterates an Underweight rating on Puma Biotechnology.
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