TD Cowen analyst Ritu Baral lowered the firm’s price target on Sarepta to $97 from $175 and keeps an Outperform rating on the shares. The firm said their talks with FDA consultants and DMD patient community contacts suggest their 50% POS of Elevidys label expansion to all ambulatory points may be too low.
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Read More on SRPT:
- Sarepta call volume above normal and directionally bullish
- Unusually active option classes on open November 1st
- Sarepta Stock (NASDAQ:SRPT) Plunged 37% on Disappointing Elevidys Trial Data
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- Cantor downgrades Sarepta on uncertainties after study miss
