Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MGI Pharma Inc. > News item |
JMP maintains MGI at outperform, lowers price target
MGI Pharma Inc. was reiterated by JMP Securities LLC analyst Charles C. Duncan at a market outperform rating, but the price target was lowered to $29 from $33. The change reflects MGI's acquisition of Guilford and downward guidance in sales of Aloxi to treat chemotherapy-induced nausea and vomiting. With Guilford, MGI bolsters its portfolio with Gliadel wafers for brain cancer and Aquavan, an anesthetic. Shares of the Bloomington, Minn.-based biopharmaceutical company were up $0.67, or 3.02% at $22.82 on volume of 1,540,172 shares versus the three-month running average of 1,295,110 shares.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.