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Fly News Breaks for February 4, 2016
ALXN
Feb 4, 2016 | 07:40 EDT
After Alexion reported lower than expected Q4 revenue and provided weaker than expected 2016 guidance, Oppenheimer blames the miss on currency fluctuations and says the guidance is conservative, given the outlook for the dollar-euro trade in 2016. The firm is upbeat about the outlook for the company's pipeline in 2016. It keeps a $228 price target and Outperform rating on the shares.
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