Exelixis cut to sector perform at RBC as cash flows fairly valued

4 hours ago 1
Wall street

Hofmeester/iStock via Getty Images

  • RBC Capital Markets has downgraded Exelixis (NASDAQ:EXEL) to sector perform from outperform, saying the shares current fairly reflect cash flows from its two marketed drugs, Cabometyx and Cometriq.
  • However, the firm raised its price target to $50 from $45 (~13% upside based on July 7

Recommended For You

More Trending News

Read Entire Article