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Synta Pharmaceuticals Corp. Message Board

  • tonytechs_2000 tonytechs_2000 May 7, 2013 12:23 PM Flag

    Street inside article...I agree

    Shares of Synta Pharma. (NASDAQ: SNTA) are lower on Tuesday, a moved tied to the resignation of the company's R&D President Sumant Ramachandra. The resignation was revealed in SEC filings late on Monday, and no reason was given, leaving investors guessing.

    Commenting, Roth Capital analyst Joseph Pantginis said the timing may be viewed as negative by investors ahead of Galaxy-1 data presentation at the ASCO meeting in June. However, he doesn't think the resignation is cause for concern. In fact, he sees today's sell-off as a buying opportunity, as he expects positive data at ASCO and plenty of positive news flow in the days ahead.

    Roth Capital has a Buy rating on Synta Pharma. with a price target of $18.00

 
SNTA
0.343+0.072(+26.61%)Jul 22 3:59 PMEDT