Alder BioPharma (ALDR) Misses Q2 EPS by 4c

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Go back to Alder BioPharma (ALDR) Misses Q2 EPS by 4c

Alder Biopharm (ALDR) Bullish View Reiterated at Brean Following Q2 Result and Recent Positive ALD403 Data

July 27, 2016 10:36 AM EDT

Brean Capital analyst Jonathan Aschoff reiterated a Buy rating and $45 price target on Alder Biopharm (NASDAQ: ALDR) following Q2 results, recent data showing ALD403's durability and Phase 3 data in the 1st-half of 2017.

Aschoff commented, "Alder ended 2Q16 with cash of $450M, which should be able to support operations into 2H18. On Monday, Alder announced positive top-line 24-week data demonstrating sustained migraine... More

Alder Biopharm (ALDR) PT Bumped to $62 at Jefferies as 403 Continues To Advance

July 27, 2016 8:29 AM EDT

Jefferies analyst Brian Abrahams reiterated a Buy rating and bumped his price target on Alder Biopharm (NASDAQ: ALDR) to $62.00 (from $61.00) as '403 continues to advance.

Abrahams commented, "ALD403 continues to advance on track, and expenses were in line with expectations. Announced... More