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Stock impact report

Sage Therapeutics shares gain another 2% as SunTrust raises stock price target to $178 vs. $116 [MarketWatch]

Sage Therapeutics, Inc. (SAGE) 
Last sage therapeutics, inc. earnings: 2/27 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.sagerx.com/investor-relations
Company Research Source: MarketWatch
Sage Therapeutics shares gain another 2% as SunTrust raises stock price target to $178 vs. $116 Sage Therapeutics Inc. shares SAGE, +70.04% rose another 2% Friday, adding to prior-session gains of more than 70%, as SunTrust Robinson Humphrey became the latest shop to raise its stock price target after positive results in a mid-stage trial of a new depression treatment. SunTrust boosted its target to $178 from $116, and reiterated a buy rating. "Based on the positive top-line readout from the Phase II trial for SAGE-217 in MDD, we have increased the probability of success from 30% to 60%,' analyst Edward Nash wrote in a note. "Post-partum depression (PPD) is the second mood disorder being investigated by SAGE for SAGE-217. We have increased the probability of success from 50% to 60% in PPD as we believe a read-through from the positive MDD Phase II data is warranted." On Thursday, Leerink raised its stock price target to $246 from $123, while RBC raised its target to $280. Shares cl Show less Read more
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