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Fly News Breaks for December 13, 2019
GLPG
Dec 13, 2019 | 05:33 EDT
Credit Suisse analyst Evan Seigerman downgraded Galapagos to Neutral from Outperform with a price target of EUR 169, down from EUR 174. The analyst is "somewhat concerned" about the company's large cash balance and believes it will have to generate above market returns for the shares to outperform. He also sees potential headwinds for the upcoming launch of filgotinib.
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