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Fly News Breaks for May 3, 2018
TSRO
May 3, 2018 | 19:11 EDT
Piper Jaffray analyst Christopher Raymond lowered his price target on Tesaro to $50, saying that while Q1 results were "solid" thanks to a Zejula beat, the limited visibility around the geographic mic and below-consensus outlook for Q2 will keep shares under pressure. The analyst kept his Neutral rating on Tesaro, adding that the increasing interchangeability of the marketed PARP inhibitors and a potential safety disadvantage for Zejula could further drag on the uptake, pressuring FY18 guidance.
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