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12:00 AM
Jul 23, 2007
 |  BioCentury  |  Finance

Analyst picks & changes

Analyst picks & changes

Analyst picks & changes
Company Bank Analyst Coverage Opinion Wk chg 7/20 cls
Cubist (CBST) JMP Securities Adam Cutler Price target Market outperform 13% $22.11
Lazard Joel Sendek Upgrade Hold (from sell)
Cutler raised his target to $29 from $26 after the company reported 2Q07 GAAP diluted EPS of $0.24, beating his estimate of $0.19. However, he lowered his FY08 EPS estimate to $1.33 from $1.51 to account for an increased diluted share count (see "EPS Watch," A21).
Sendek raised his FY07 and FY08 EPS estimates to $0.74 from $0.39 and to $0.73 from $0.37 to reflect his belief that CBST's Cubicin daptomycin antibiotic faces little competition over the next 6-9 months and that the addition of the drug to the VA formulary should increase sales for the rest of the...

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