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Analyst picks & changes

Analyst picks & changes

Company Bank Analyst Coverage Opinion Wk chg 6/7 cls
Auxilium Pharmaceuticals Inc. (NASDAQ:AUXL) Leerink Joseph Schwartz Upgrade Outperform (from market perform) 7% $15.97
Schwartz also raised his target to $21 from $16 on the belief that the Street "underestimates the magnitude of potential EPS accretion" from Auxilium's acquisition of urology company Actient Pharmaceuticals LLC, which Auxilium disclosed in its 1Q13 earnings. Schwartz said Actient is a "very profitable cash-generating business," and with about 100 Actient sales representatives already focused on urology surgeons treating Peyronie's disease, he is optimistic for a successful launch of Auxilium's Xiaflex/Xiapex collagenase clostridium histolyticum. The injectable form of collagenase to treat Peyronie's has a Sept.

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