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Fly News Breaks for November 26, 2018
SRPT
Nov 26, 2018 | 07:09 EDT
Cantor Fitzgerald analyst Alethia Young thinks the pivotal micro-dystrophin design will be in line with Sarepta Therapeutics' "fairly detailed" description. She expects a potential data readout in 2020 and reiterates an Overweight rating on the shares with a $217 price target. Her base case assumes $1.6B in sales for Sarepta's gene therapy micro-dystrophin. Sarepta remains the analyst's top franchise pick over 2019 as she believes the company "still has catalysts beyond micro-dystrophin that are unappreciated by the Street."
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