Seattle Genetics (SGEN +2.4%) bucks a downgrade to Underweight on valuation at Piper Jaffray...

|About: Seattle Genetics, Inc. (SGEN)|By:, SA News Editor

Seattle Genetics (SGEN +2.4%) bucks a downgrade to Underweight on valuation at Piper Jaffray earlier today. Piper cut the shares on expectations for limited sales growth until further ADCETRIS data is released. The firm also lowers its price target to $20 from $22.