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PTLA

Portola Pharmaceuticals

$52.09

-4.48 (-7.92%)

09:03
09/20/17
09/20
09:03
09/20/17
09:03

Portola Pharmaceuticals selloff surprising, says Credit Suisse

Credit Suisse analyst Vamil Divan says he is surprised that Portola shares sold off about 8% on concerns that extended duration VTE prophylaxis for acute medically ill patients is not recommended in draft guidelines from the American Society of Hematology. The analyst believes the negative reaction is unwarranted, and reiterates an Outperform rating and $70 price target on the shares.

  • 02

    Feb

PTLA Portola Pharmaceuticals
$52.09

-4.48 (-7.92%)

08/24/17
08/24/17
UPGRADE
Target $70

Outperform
Portola Pharmaceuticals upgraded to Outperform at Credit Suisse
As previously reported, Credit Suisse analyst Vamil Divan upgraded Portola Pharmaceuticals to Outperform from Neutral, with a $70 price target, saying the shares sold off following Q2 and that he now sees an attractive entry point.
09/19/17
OPCO
09/19/17
NO CHANGE
OPCO
Outperform
Portola Pharmaceuticals mentioned positively at Oppenheimer
09/19/17
OPCO
09/19/17
NO CHANGE
OPCO
Outperform
Portola selloff today based on 'stale' guidelines draft, says Oppenheimer
Oppenheimer analyst Jay Olson views the selloff today in shares of Portola Pharmaceuticals as "off-target." The decline is based on the rehashing of draft guidelines that were available for public comment from July 24 to August 25, Olson tells investors in an afternoon research note titled "Stale Draft Recommendations for VTE Mysteriously Resurface." The draft references the August 2016 New England Journal of Medicine article for Portola's Bevyxxa versus Lovenox in cohort one on the primary efficacy outcome, the analyst notes. He expects revised final guidelines to be published by year-end and keeps an Outperform rating on Portola. The stock in afternoon trading is down 7% to $52.52 after STAT News said the company's blood thinner launch could be complicated by the guidelines.
09/19/17
SBSH
09/19/17
NO CHANGE
SBSH
Buy
Portola selloff on draft guidance 'red herring' a buying opportunity, says Citi
Citi analyst Yigal Nochomovitz attributes today's selloff in Portola Pharmaceuticals shares to controversy over the fact that the American Society of Hematology's draft recommendations argue against extended prophylaxis for VTE in acute medically ill patients. However, he points out that the document lacks any mention of Bevyxxa's status as FDA approved, which suggests the draft "needs to be revisited and/or is stale." The analyst concludes the draft was made prior to Bevyxxa approval and before the "many, many downstream publications" Portola has generated since then. Nochomovitz, who recommends investors buy the dip, keeps a Buy rating on Portola, which is down 7% in afternoon trading.

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