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Fly News Breaks for January 15, 2020
Jan 15, 2020 | 08:39 EDT
SunTrust analyst Robyn Karnauskas raised her price target on Momenta to $50, expanding the market potential for M254 in her model to peak sales of $1B vs. $600M prior assumption while increasing her probability of success for the program to 25% from 15%. The analyst adds that her model reflects the updated share count from the company's December disclosure which includes the 2.2M green shoe and also lowers the discount-rate to 12.0% from 12.5% given her increased confidence in its pipeline execution. Karnauskas keeps her Buy rating on Momenta.
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