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Dendreon (DNDN -7.2%) nears its 52-week low after BofA downgrades shares to Underperform, and...

Dendreon (DNDN -7.2%) nears its 52-week low after BofA downgrades shares to Underperform, and lowers its PT to $6 from $13. The firm expects Provenge sales to fall short of expectations for the next several quarters, keeping the business in the red, and that such a weak demand environment will limit the valuation an acquirer is willing to pay.
Comments (2)
  • At this price Dendreon should be a takeover target
    aggressive marketing should make this company very profitable
    Charlie
    11 Jul 2012, 03:01 PM Reply Like
  • Didn't I hear Cramer recently touting how well this stock had done for his investors (sorry I meant lemmings)
    11 Jul 2012, 03:42 PM Reply Like
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