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Fly News Breaks for December 16, 2016
ESRX, HZNP
Dec 16, 2016 | 10:06 EDT
Cowen analyst Ken Cacciatore said Horizon (HZNP) has secured formulary status with Express Scripts (ESRX) for its specialty products. The analyst believes the "cleansing" of the Horizon story is now complete and is now positioned for growth. Cacciatore believes Horizon Pharma's base business supports a much higher valuation and reiterates his Outperform rating and $42 price target.
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