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Stock impact report

BofA Reaffirms Buy Rating for Agios Pharmaceuticals (AGIO) [Yahoo! Finance]

Agios Pharmaceuticals, Inc. (AGIO) 
Last agios pharmaceuticals, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.agios.com/investor-overview
Company Research Source: Yahoo! Finance
On April 21, BofA analyst Alec Stranahan reduced the price target on Agios Pharmaceuticals Inc. (NASDAQ:AGIO) to $41 from $44, while maintaining a Buy rating on the stock. Stranahan highlighted that Agios intends to seek accelerated approval and has already filed a proposal for a confirmatory trial with an updated primary endpoint. Tonhom1009/Shutterstock.com Nevertheless, the analyst noted that topline results of the HIBISCUS study of Novo Nordisk's etavopivat for sickle cell disease will pose a regulatory risk for Agios' mitapivat. Despite such competitive risks, the stock is still amongst the best oversold small-cap names right now. On April 20, H.C. Wainwright analyst Emily Bodnar reduced the price target on Agios Pharmaceuticals Inc. (NASDAQ:AGIO) from $65 to $50, while maintaining a Buy rating on the stock. She attributed this downward revision to Novo Nordisk's HIBISCUS Phase 3 trial, noting that both primary endpoints were met, which is sure to result in success for sic Show less Read more
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