Seeking Alpha

Citi still bullish on Ambit despite no AA for quizartinib

  • Citi maintains a Buy rating on Ambit Biosciences (AMBI -35.2%).
  • Although Citi reportedly says AA for quizartinib wasn't baked into the share price, today's sell-off seems to tell a different story.
  • Price target lowered to $17 from $19.
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