By: Benzinga
January 30, 2013 at 09:12 AM EST
UPDATE: Jefferies Reiterates Underperform Rating, Raises PT on ISIS Pharmaceuticals
In a report published Wednesday, Jefferies reiterated its Underperform rating on ISIS Pharmaceuticals (NASDAQ: ISIS ), and slightly raised its price target from $6.50 to $7.00. Jefferies noted, “Kynamro (mipomersen) approval for HoFH validates ISIS' antisense technology platform from a regulatory standpoint - positive. However, we continue to view Kynamro's
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