Last week, Onyx made a presentation at the JMP Securities conference. Also, on July 5, theflyonthewall reported that Onyx's management was to meet with JMP Securities. Does anybody have any information on these meetings and whether they had anything to do with this morning's downgrade (and PT reduction)?
Hi, John, Hard to believe that the presentation to JMP would be any different from the one posted on the Onyx website. The presentation to JMP does not seem to be archived. To me, putting the price target @133 is merely guessing that the company will be taken out at around that price.