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Fly News Breaks for May 9, 2017
HZNP
May 9, 2017 | 08:02 EDT
Stifel analyst Annabel Samimy cut her price target on Horizon after the company reported weaker than expected results and lowered its guidance, citing weakness in its primary care business. Noting that Horizon has decided to "accelerate its transition to an Orphan/Specialty story," the analyst now only ascribes value "to this value/growth driving portion of the business." However, she keeps a Buy rating on the stock.
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