Contribute Try STAT+ Today

Last week, Leerink Partners healthcare analysts Geoffrey Porges, Seamus Fernandez, and Paul Matteis dropped by the STAT offices for a conversation with biotech reporters Damian Garde and Adam Feuerstein.

In this edited excerpt, the Leerink analysts discuss the evolving role of the sell-side analyst on Wall Street. Price targets and stock ratings — though widely ridiculed — still matter, they say. And they have answers to the critics who accuse sell-siders of being feckless sycophants willing to do or say anything to stay in the good graces of investment-banking clients.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!

GET STARTED

What is it?

STAT+ is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • STAT+ Conversations
  • Weekly opportunities to engage with our reporters and leading industry experts in live video conversations
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.