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Fly News Breaks for May 29, 2019
PBYI
May 29, 2019 | 06:37 EDT
Goldman Sachs analyst Paul Choi lowered his price target for Puma Biotechnology to $24 from $29 price target and keeps a Neutral rating on the shares. The analyst believes a takeover of Puma is less likely since it has "struggled to execute" on the commercial launch of Nerlynx. He removed the M&A component from his valuation framework given the "erratic commercial uptake" of the drug.
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