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Biotech / Medical : Alexion Pharmaceuticals, Inc. (ALXN)
ALXN 182.500.0%Jul 28 4:00 PM EDT

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To: Icebrg who wrote (806)2/19/2008 2:51:29 AM
From: Icebrg   of 824
 
Alexion Pharmaceuticals "buy," target price raised
02/18/08 - UBS

NEW YORK, February 18 (newratings.com) - Analysts at UBS maintain their "buy" rating on Alexion Pharmaceuticals Inc (ALXN), while revising their estimates for the company. The target price has been raised from $82 to $86.

In a research note published on February 15, the analysts mention that the company has posted robust 4Q07 results, driven by robust growth in its Soliris revenues. Alexion Pharmaceuticals’ revenue guidance might prove to be conservative, given Soliris’ robust near- and long-term growth potential, the analysts say. The R&D and SG&A expense estimates for the company have been raised to reflect its higher-then-anticipated stock option expenses and the COGS estimates have been reduced to reflect its impressive guidance, UBS adds. The EPS estimate for 2008 has been reduced from -$0.79 to -$0.85. The EPS estimate for 2009 has been raised from $1.33 to $1.39.

newratings.com
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