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Fly News Breaks for February 28, 2018
TSRO
Feb 28, 2018 | 08:26 EDT
Wells Fargo analyst Jim Birchenough lowered his price target for Tesaro to $122 from $224 following review of Q4 results and on 2018 outlook. The analyst views the quarter as a clearing event for the stock with more reasonable guidance for 2018 and multiple opportunities for upside from ZEJULA, across several indications, and with option value for the companies immuno-oncology pipeline. Birchenough reiterates an Outperform rating on the shares.
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