TD Cowen raised the firm’s price target on Exelixis (EXEL) to $55 from $51 and keeps a Buy rating on the shares. The firm said new combo studies for zanza announced today in NSCLC and mCRPC support expansion strategy but show me story given prior cabo failures.
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Read More on EXEL:
- Exelixis Kept at Hold as Cabo Momentum Offsets Pipeline Uncertainty; Price Target Raised from $49 to $50
- Exelixis Price Target Raised to $55 on Cabo Strength, Buyback-Driven EPS Growth, and Zanzalintinib Upside Optionality
- Analyst Reiterates Buy on Exelixis, Citing STELLAR-304 Momentum, Cabometyx Durability, and Share Repurchases
- Exelixis Posts Strong Q1 Results, Expands Share Buybacks
- EXEL Earnings this Week: How Will it Perform?
