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Fly News Breaks for February 3, 2016
HZNP
Feb 3, 2016 | 08:37 EDT
Stifel says that the decline in Horizon's stock suggests that investors are skeptical about the outlook for the company's Q4 results and 2016 guidance. However, the firm says its checks show that the company is poised to outperform these bearish expectations by a large amount. The firm expects the company's Q4 results to exceed expectations, and it calls the company's 2016 guidance "reasonable." Stifel keeps a $45 price target and Buy rating on the shares.
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