Seeking Alpha

Wedbush cuts Synageva BioPharma to Neutral in valuation call

  • Wedbush cuts Synageva BioPharma (GEVA) to Neutral from Outperform.
  • "We can no longer recommend purchase of GEVA shares at current levels," analyst David Nierengarten says, noting that the stock trades at an EV/2017 sales ratio of 9, well above peers.
  • Price target is $67.
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