Fri, Jul 25, 2014, 10:26 AM EDT - U.S. Markets close in 5 hrs 34 mins

Recent

% | $
Click the to save as a favorite.

Celgene Corp. (CELG) Message Board

  • mjjk1 mjjk1 Mar 11, 2013 12:30 PM Flag

    CELG price target increase to $127

    today price target increase was from Bank of America/Merrill. Can not paste link because it is a paid site. It will most likely be in the yahoo news some time in the future.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • you can find this news at goog finance site,

      • 1 Reply to eb5339
      • Dwight Einhorn, Benzinga Staff Writer March 11, 2013 10:10 AM

        In a report published Monday, Bank of America reiterated its Buy rating on Celgene Corporation (NASDAQ: CELG [FREE Stock Trend Analysis]), and raised its price target from $113.00 to $127.00.

        Bank of America noted, “We are reiterating our Buy rating on CELG and increasing our PO from $113 to $127 following results of a commissioned statistical analysis we completed for CELG's ongoing Revlimid study MM020 in newly diagnosed myeloma. As a reminder, we believe that positive data for MM020 are critical for CELG's prospects of expanding the Revlimid indication from relapsed/refractory to the broader newly diagnosed setting. Based on our findings, we are reversing our bearish stance on the study outcome, and believe there remains an additional 15-20% potential upside to the shares following the recent run up. We see balanced downside risks on a negative outcome.”

        Celgene Corporation closed on Friday at $111.36.

 
CELG
86.75+0.56(+0.65%)10:25 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.