Day_trading
موقوف
Exelixis upgraded to Mkt Perform at JMP (7.58 )
JMP Securities upgrades EXEL to Mkt Perform from Underperform following Q1 results. With $185 mln in cash on hand and an estimated annual burn of $100 mln, they project the co has sufficient funds to last through YE06. By then, firm expects the co to report data from several of its Phase I programs (XL647 and XL999 in 2H05, and possibly XL880, 844, 820 in 1H06), which they say could fuel interest in the stock.
JMP Securities upgrades EXEL to Mkt Perform from Underperform following Q1 results. With $185 mln in cash on hand and an estimated annual burn of $100 mln, they project the co has sufficient funds to last through YE06. By then, firm expects the co to report data from several of its Phase I programs (XL647 and XL999 in 2H05, and possibly XL880, 844, 820 in 1H06), which they say could fuel interest in the stock.
