H.C. Wainwright analyst Robert Burns lowered the firm’s price target on Exelixis (EXEL) to $46 from $53 and keeps a Buy rating on the shares. The firm cites the company’s decision not to proceed to the Phase 3 portion of the STELLAR-305 trial for the target cut.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EXEL: