Jefferies upgraded Sosei Group to Buy from Underperform with a price target of 1,900 yen, up from 1,800 yen. The firm raised its revenue estimates given “a more optimistic outlook” for sales of products that Sosei acquired when it purchased the Japan and Korea operations of Idorsia and also added potential future royalty income from GLP1 agonist candidate PF-06954522 to its estimates, accounting for its raised price target and rating.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>