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Fly News Breaks for February 5, 2020
HALO
Feb 5, 2020 | 05:03 EDT
Piper Sandler analyst Joseph Catanzaro upgraded Halozyme Therapeutics to Overweight from Neutral with a price target of $27, up from $18. With HALO-301 "now a distant memory," the analyst expects Darzalex subcutaneous will see "rapid and near complete conversion." His key opinion leader work suggests a 75% conversion one year after approval. The analyst expects Halozyme shares to outperform as the potential for "robust" Darzalex conversion is better appreciated.
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