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Fly News Breaks for July 15, 2015
CELG
Jul 15, 2015 | 07:57 EDT
RBC Capital raised its price target on Celgene (CELG) after the company reported stronger than expected results and announced the acquisition of Receptos (RCPT). The firm is upbeat on the Recptos deal, partly because it believes that the transaction will increase Celgene's growth and diversification. RBC adds that Receptos has little risk. RBC keeps an Outperform rating on Celgene.
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