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Jazz Pharmaceuticals upgraded to Overweight from Equal Weight at Wells Fargo


Jazz Pharmaceuticals upgraded to Overweight from Equal Weight at Wells Fargo

Wells Fargo analyst Mohit Bansal upgraded Jazz Pharmaceuticals (JAZZ) to Overweight from Equal Weight with a price target of $170, up from $130. The recent IP settlement on the $1B Epidiolex franchise derisks the company's long-term financials, the analyst tells investors in a research note. Wells Fargo adds that it sees a "high probability of success" for Zani - zanidatamab - first-line GEA, or gastroesophageal adenocarcinoma trial, calling it a "transformative catalyst" with a read-out expected in Q2 of this year.

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