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Fly News Breaks for July 20, 2015
AGN
Jul 20, 2015 | 07:05 EDT
JPMorgan expects strong Q2 and Q3 results from Allergan to alleviate concerns over longer-term competition for parts of the business. The firm says Allergan shares trade at a 20% discount to Major Pharma peers despite better organic growth. It reiterates an Overweight rating on the stock with a $375 price target. JPMorgan sees strong Q2 results being a catalyst for Allergan shares.
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