Human Genome Sciences (Nasdaq:HGSI) High on Baird's List

Baird analysts remain extremely bullish on Human Genome Sciences, Inc. (Nasdaq:HGSI), saying they would be "aggressive buyers" of the company.

They maintain their "Outperform" rating and price target on the company.

Baird analyst Christopher Raymond said, "While a three-month administrative delay beyond Benlysta's December 9 PDUFA is expected, the positive FDA AdCom vote did significantly de-risk the drug, in our view. Given this, and given the market misperceptions addressed herein, we would be aggressive buyers."

Citing a short window to PDUFA, their EPS estimates for the first quarter of 2011, full year 2011, and full year 2012 were lowered to $1.6 million, $161.4 million, and $793.8 million.

Human Genome Sciences closed Monday at $24.79, losing $0.11, or 0.44 percent. Baird has a price target of $32 on the company.