Beurskingpin schreef op 10 juli 2020 14:25:
Stifel analyst Derek Archila downgraded Galapagos (GLPG) to Hold from Buy with a price target of $193, down from $298, after taking over coverage of the name.
The stock's setup is unfavorable stock ahead of filgotinib approval in rheumatoid arthritis as there is a low chance of it receiving a "meaningfully differentiated label," Archila tells investors in a research note.
The analyst is also cautious on Gilead (GILD) and Galapagos' ability to deliver filgotinib sales ahead of consensus estimates between 2020 and 2025. He also doesn't see any major, near-term catalysts from the pipeline.
Wauw, over ignorance gesproken..no near term catalyst..