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12:00 AM
Oct 31, 2011
 |  BioCentury  |  Analyst Picks & Changes

Analyst picks & changes

Analyst picks & changes

Company Bank Analyst Coverage Opinion Wk chg 10/28 cls
AMAG Pharmaceuticals Inc. (NASDAQ:AMAG) Ladenburg Thalmann Juan Sanchez Upgrade Buy (from neutral) 8% $14.64
Sanchez reiterated an $18 target. He noted AMAG could end 1Q12 with $230M in cash and the current valuation of $287M would assign a technology value of $50-$60M, which he believes is low. Earlier this month, AMAG terminated a proposed merger with cancer company Allos Therapeutics Inc. (NASDAQ:ALTH) after AMAG shareholders voted against the deal (see BioCentury, Oct. 24). AMAG markets Feraheme ferumoxytol in the U.S. to treat...

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