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Fly News Breaks for March 2, 2017
SRPT
Mar 2, 2017 | 06:21 EDT
Leerink analyst Joseph Schwartz upgraded Sarepta Therapeutics to Outperform from Market Perform saying the stock now reflects "reasonable expectations" for the Exondys launch. Management's new revenue guidance looks "highly conservative," Schwartz tells investors in a research note. The analyst believes share upside could come from Exondys 51 approval in Europe and/or successful development of follow-on antisense candidates. He raised his price target for Sarepta shares to $47 from $27. The stock closed yesterday down 73c to $30.38.
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