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Fly News Breaks for October 22, 2015
HZNP
Oct 22, 2015 | 08:44 EDT
JMP Securities says that Horizon's (HZNP) stock has been "punished" due to continued scrutiny of Valeant (VRX) and Turing. However, the firm says that Horizon relies not on price increases but on volume increases to drive its business, making its business model different than those of Valeant (VRX) and Turing. JMP reiterates a $39 price target and Outperform rating on Horizon.
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