UPDATE: Jefferies Reiterates Buy Rating, Lowers PT on Onyx Pharmaceuticals on Good Outlook
In a report published Friday, Jefferies reiterated its Buy rating on Onyx Pharmaceuticals (NASDAQ: ONXX ), but lowered its price target from $103.00 to $96.00. Jefferies noted, “ONXX reported in-line Q4 Kyprolis sales while guiding to higher 2013 OpEx on PIII expenses and full-year of Kyprolis mktg. Notably, management's commentary
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