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Fly News Breaks for July 29, 2016
CELG
Jul 29, 2016 | 07:40 EDT
Leerink analyst Geoffrey Porges raised his price target for Celgene to $135 from $125 after the company reported Q2 results, with a 2% beat on total revenue and revenue growth of 21% year over year and 10% quarter over quarter. The analyst points out that the company disclosed that only 6% of annual revenue growth was related to net price increases. Leerink has a Market perform on the shares.
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