This is a valuation call. Here's analyst Gregg Gilbert: "With the stock now trading above our PO, which we believe reflects a relatively bullish set of assumptions, we are moving to an Underperform rating."
The bullish assumptions: "Stronger performance for the base business, more credit for the late-stage pipeline, and significant contribution from the Santarus acquisition."
$86 target maintained.
SLXP -1.7% premarket