Bearish Dendreon (DNDN) Analyst Throws In The Towel, Upgrades to Hold

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The bearish Dendreon (Nasdaq: DNDN) analyst at Brean Murray is throwing in the towel and turning slightly more bullish. The firm upgraded the stock from Sell to Hold, following this week’s positive PROVENGE data. The firm said management’s bullish account of the data, despite the absence of any data presentation, will likely be justified by the data to come at the AUA conference on April 28.

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