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SGYP

Synergy Pharmaceuticals

$2.59

-0.05 (-1.89%)

07:15
09/25/17
09/25
07:15
09/25/17
07:15

Synergy Pharmaceuticals price target lowered to $8 from $15 at H.C. Wainwright

H.C. Wainwright analyst Raghuram Selvaraju lowered his price target for Synergy Pharmaceuticals to $8 saying the ramp for Trulance is likely to be "meaningfully slower" than he originally anticipated. Further, management have indicated that direct-to-consumer advertising is likely to be part of the promotional strategy, which could increase total marketing expenses significantly, Selvaraju tells investors in a research note. He lowered his 2017 Trulance sales estimate to $17.5M from $27.7M and 2018 estimate to $85.4M from $172.5M. The analyst also removed all contributions from Synergy's pipeline from his valuation assessment, based on the assumption that the company is unlikely to undertake significant R&D initiatives in the near future. Selvaraju reiterates a Buy rating on the shares.

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SGYP Synergy Pharmaceuticals
$2.59

-0.05 (-1.89%)

06/01/17
CANT
06/01/17
INITIATION
Target $11
CANT
Overweight
Synergy Pharmaceuticals initiated with an Overweight at Cantor
Cantor initiated Synergy Pharmaceuticals with an Overweight and an $11 price target.
06/02/17
06/02/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Synergy Pharmaceuticals (SGYP) initiated with an Overweight at Cantor. 2. Fastenal (FAST) was initiated with an Overweight at Stephens and a Neutral at JPMorgan. 3. Ericsson (ERIC) was reinstated with a Buy at BofA/Merrill while Nokia (NOK) was reinstated with a Neutral. 4. John Bean Technologies (JBT) initiated with a Neutral at JPMorgan. 5. Biocept (BIOC) initiated with a Buy at Chardan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/08/17
OPCO
09/08/17
NO CHANGE
Target $6
OPCO
Outperform
Oppenheimer still sees value in shares of Synergy Pharmaceuticals
Oppenheimer analyst Derek Archila says that while there wasn't much new on yesterday's business update call, he remains encouraged by the ongoing Trulance launch. He believes the recent financing gives Synergy Pharmaceuticals "decent runway" to see what it can achieve with Trulance over the next 12-18 months. The analyst notes, however, that in the case of a takeout, Synergy would likely be required to pre-pay any outstanding loan amount at a 40% premium, which he believes could deter a potential buyer. The analyst still sees value in Synergy shares and keeps an Outperform rating on the name, despite reducing his price target to $6 from $9. Archila admits that he's not completely certain the company can reach cash flow breakeven by 2019 as management suggests.
09/13/17
SBSH
09/13/17
NO CHANGE
Target $2.5
SBSH
Sell
Synergy Pharmaceuticals price target lowered to $2.50 from $3.20 at Citi
Citi analyst Liav Abraham cut her price target for Synergy Pharmaceuticals to $2.50 and reiterates a Sell rating on the shares. The intellectual property on the company's lead compound, Trulance, expires in 2032, which, in the absence of life-cycle management programs, implies "minimal terminal value of the company over the longer term," Abraham tells investors in a research note. The analyst says that even with the stock's underperformance this year, she still struggles to become more constructive on the name.

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CLI

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CLI

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