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Fly News Breaks for April 6, 2016
IRWD
Apr 6, 2016 | 07:09 EDT
As previously reported, Cowen upgraded Ironwood to Outperform from Market Perform. The firm believes investors are undervaluing the Linzess business, which is already profitable and should see sustained growth for the foreseeable future. Cowen also cited the company's pipeline and ex-U.S. royalties as well as U.S. co-marketing agreements leaving room for growth. Cowen raised its price target to $16 from $12 on Ironwood shares.
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