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Stock impact report

Sarepta (SRPT) Soars 15% on Bullish Rating [Yahoo! Finance]

Sarepta Therapeutics, Inc. (SRPT) 
Last sarepta therapeutics, inc. earnings: 2/26 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Sarepta saw its share price jump by 15.25 percent on Wednesday to close at $18.67 apiece as investors took heart from an investment company's bullish rating for its stock. In a market note, Mizuho Securities raised its rating for Sarepta Therapeutics Inc. (NASDAQ:SRPT) to “outperform” from “neutral” while raising its price target by 36.8 percent to $26 from $19 previously. The new figure marked a 39 percent upside potential from its latest closing price. Sarepta (SRPT) Soars 15% on Bullish Rating Mizuho said the upgrade was based on its confidence in the Elevidys drug—a prescription therapy to treat over four-year-old patients with Duchenne muscular dystrophy—having raked in $131.5 million in sales in just the third quarter, and well ahead of its $50 million target, despite reports of deaths linked to the drug. Meanwhile, Sarepta Therapeutics Inc. (NASDAQ:SRPT) swung to a net loss of $180 million in the period July to September, reversing a $33.6 million net income in the sam Show less Read more
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