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Fly News Breaks for February 8, 2018
ALXN
Feb 8, 2018 | 13:09 EDT
Piper Jaffray analyst Christopher Raymond says he would be a buyer on weakness as he thinks investor fixation on the company's initial below consensus FY18 guidance provides a nice entry point ahead of what he expects will be a strong year of commercial and clinical execution. The analyst believes this guidance is more a manifestation of management's conservatism than any change to fundamentals. He reiterates an Overweight rating and $170 price target on the shares.
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