Mizuho Securities Reiterates Buy on Questcor Pharmaceuticals on Stock Price Weakness
In a report published Tuesday, Mizuho Securities USA analyst Mario Corso reiterated a Buy rating and $93.00 price target on Questcor Pharmaceuticals (NASDAQ: QCOR).
In the report, Mizuho Securities USA noted, “In the wake of today's stock price weakness on short report that FTC will challenge Synacthen deal, we ascertained that QCOR hasn't received a formal FTC inquiry, and anything informal might just be in response to updated HSR guidelines. Even if FTC pursued a court challenge, could take 2+ years to decide, and most recent product case went in favor of acquirer even though products looked more similar than Acthar/Synacthen.”
Questcor Pharmaceuticals closed on Monday at $56.26.
Latest Ratings for QCOR
Date | Firm | Action | From | To |
---|---|---|---|---|
May 2014 | Mizuho | Downgrades | Buy | Neutral |
May 2014 | Piper Sandler | Downgrades | Overweight | Neutral |
Apr 2014 | Jefferies | Downgrades | Buy | Hold |
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Posted-In: Mario Corso Mizuho Securities USAAnalyst Color Reiteration Analyst Ratings