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Fly News Breaks for July 20, 2017
SRPT
Jul 20, 2017 | 05:44 EDT
Piper Jaffray analyst Edward Tenthoff raised his price target for Sarepta Therapeutics to $50 after Exondys51 sales in Q2 came in $15M above his estimate at of $35M. The stock in premarket trading is up 16%, or $5.42, to $39.50. The analyst raised his 2017 Exondys51 sales forecast to $130.4M from $95M to reflect Sarepta's increased guidance. Tenthoff reiterates an Overweight rating on Sarepta shares.
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