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Tuesday, August 13, 2019

Clovis off 4% premarket on BofA downgrade

Clovis Oncology (NASDAQ:CLVS) slips 4% premarket on light volume on the heels of a downgrade to Neutral with a fair value target of $7 (23% upside) (from $13) at BofA citing expected competition from AstraZeneca's (NYSE:AZN) Lynparza in prostate cancer.
Quant rating is Very Bearish while the Sell Side rating is Outperform.
https://seekingalpha.com/news/3490979-clovis-4-percent-premarket-bofa-downgrade

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