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Fly News Breaks for February 17, 2016
SHPG, BXLT
Feb 17, 2016 | 07:31 EDT
UBS said Baxalta (BXLT) should trade on its pending deal with Shire (SHPG). The firm noted Baxalta reported solid Q4 results and that its guidance was on the conservative side, while reporting solid performance from China, Russia, Brazil and Western Europe, in contrast to tougher commentary and results from other large cap companies in their universe. UBS reiterated its Buy rating and lowered its price target to $46 from $47 on Baxalta shares.
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