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Fly News Breaks for October 31, 2018
AGN, IRWD
Oct 31, 2018 | 06:31 EDT
Ironwood Pharmaceuticals (IRWD) sold off 18% yesterday on Allergan's ((AGN) "unexpectedly muted outlook" for Linzess' growth, Mizuho analyst Irina Koffler tells investors in a research note. The analyst views Ironwood as oversold and reiterates a Buy rating on the shares. She did, however, lower her price target for the stock to $23 from $27 on a reduced Linzess forecast and a zero value for the R&D company spin off.
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