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Fly News Breaks for August 11, 2015
SHPG, BXLT
Aug 11, 2015 | 08:41 EDT
Cowen hosted a call with the CEO of Baxalta (BXLT) to discuss the Shire (SHPG) deal and said the company highlighted the durability of its assets currently on the market and its underappreciated pipeline opportunities. Cowen believes Baxalta shares will garner a premium valuation that better reflects the value of its assets and reiterated its Outperform rating and $45 price target on the stock.
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