6 days ago
Citi ups Syndax target, opens ‘upside catalyst watch'
Citi analyst Yigal Nochomovitz raised the firm's price target on Syndax (SNDX) to $51 from $46 and keeps a Buy rating on the shares. The firm also added a positive 'upside catalyst watch' on Syndax ahead of the PDUFA deadline in relapsed or refractory NPM1-mutated acute myeloid leukemia of October 25. Q2 revenue of about $38M beat the firm's estimates by greater than 70% and Visible Alpha consensus by about 45%, driven by growth for Revuforj and Niktimvo, the analyst added.
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