Alexion Pharmaceuticals (ALXN) PT Lowered to $186 at Credit Suisse

Credit Suisse analyst A. Young lowered its price target on Alexion Pharmaceuticals (NASDAQ: ALXN) to $186.00 (from $195.00) and reiterated a Neutral rating on less visibility on Soliris expansion programs.

Young commented, "We lowered the probability of MG and NMO from 50% to 25% and took out DGF because we are a bit more cautious after this readout. To us, there is still a shot that the therapy can get approved with this data set in MG, but certainly the regulatory pathway is a lot less clear. We now have low visibility and are in a gray area around how to think about approval in this refractory population."

For an analyst ratings summary and ratings history on Alexion Pharmaceuticals click here. For more ratings news on Alexion Pharmaceuticals click here.

Shares of Alexion Pharmaceuticals closed at $154.99 yesterday.

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