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Fly News Breaks for June 24, 2016
ALXN
Jun 24, 2016 | 13:46 EDT
Piper Jaffray analyst Joshua Schimmer said the direct U.K. impact to the operations of large-cap biotech companies that the firm covers appears minimal, specifically pointing to Alexion (ALXN) as a top large-cap pick in the space that should be bought amid a recent selloff and today's Brexit overreaction. The firm keeps a $212 price target and Overweight rating on Alexion shares, which are down about 8.5% to $113 in afternoon trading.
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