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Fly News Breaks for May 25, 2017
ALXN
May 25, 2017 | 10:00 EDT
As previously reported, Morgan Stanley upgraded Alexion to Overweight from Equal Weight and maintained a $138 price target. Analyst Matthew Harrison believes investors are overlooking ALXN1210 upside potential, are too negative on Solris and believes new CEO Hantson is making progress on refocusing efforts and right sizing the company. The analyst views risk/reward as compelling and expects strategic review updates will drive shares higher with gMG expected in 2H 2017 and 1210 data in 1H 2018 as additional catalysts.
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