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Sarepta upped to buy by Leerink, target $47

March 3, 2017

Leerink Partners upgraded Sarepta Therapeutics (NASDAQ: SRPT) from Market Perform to Outperform with a price target of $47.00 (from $32.00).

Analyst Joe Schwartz comments “We are upgrading SRPT to Outperform and raising our PT to $47 from $27 now that the stock appears to have fully consolidated and reflects reasonable expectations for the Exondys launch, following management’s new revenue guidance ($13-15M in 1Q and over $80M in FY17) which looks highly conservative to us.”

http://bit.ly/2ml10BT

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