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Fly News Breaks for September 17, 2018
AGN
Sep 17, 2018 | 09:18 EDT
SunTrust analyst John Boris raised his price target on Allergan to $218 and kept his Buy rating, saying the company's Medical Aesthetics Day presentation on Friday supports his view that its markets are "materially under-penetrated". The analyst is positive on the company's portfolio, pipeline, and commercial investment that includes a salesforce expansion of over 20% for Botox/Juvederm and CoolSculpting, which he contends should "allay competitive fears". Boris adds that he is keeping his earnings view for FY18-19, but raises his global sales forecast by FY25 by $880M to $7B.
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