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Wednesday, May 1, 2019

Cantor reiterates Overweight on Evolus after ‘solid execution’ in Q1

Cantor Fitzgerald analyst Louise Chen says Evolus posted a quarter of “solid execution.” The analyst continues to think Jeuveau’s value proposition is underappreciated and that it will pick up more market share than anticipated. Ahead of what she expects to be a better than expected launch of Jeuveau, Chen reiterates an Overweight rating on Evolus with a $35 price target. , The U.S. and other launches should drive Evolus shares higher, says the analyst.

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