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Fly News Breaks for April 29, 2016
ALXN
Apr 29, 2016 | 07:22 EDT
Brean Capital said the weakness in Alexion is a buying opportunity as its pullback is not due to weak underlying product demand but rather due to increased Latin American macroeconomic weakness. The firm noted the company is quickly diversifying, with three new products in four indications and six new product approvals expected by 2018. Brean Capital reiterated its Buy rating and $221 price target on Alexion shares.
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