Monday May 5, 07:45 PM
TopoTarget downgraded to "hold"
By Danske Securities
LONDON, May 5 (newratings.com) - Analyst Thomas Bowers of Danske Securities downgrades TopoTarget A/S (Copenhagen: TOPO.CO - news) (ticker:
T5I) from "buy" to "hold." The six-month target price is set to DKK13.
In a research note published this morning, the analyst mentions that the company has acquired the entire global rights for Belinostat. TopoTarget has raised its pre-tax loss guidance for the year from DKK175 million-DKK195 million to DKK235 million-DKK255 million, to reflect the acquisition. The company's share price may be under-pressure in the short-term on account of a payment to be made to its former partner- CuraGen, according to Danske Securities.
© 2008 New Ratings
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