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Tuesday, May 8, 2018

Arrowhead target doubled by Piper after earnings

Arrowhead price target raised to $11 from $5.50 at Piper Jaffray. Piper Jaffray analyst Edward Tenthoff raised his price target on Arrowhead Pharmaceuticals to $11 and kept his Overweight rating after the company’s Q2 results. The analyst notes that after initiating Phase 1 studies of ARO-HBV and ARO-AAT, the company’s interim data is now potentially expected at AASLD in November. Tenthoff models a higher price target on Arrowhead to reflect is added pipeline value.

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