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Fly News Breaks for May 30, 2018
IRWD
May 30, 2018 | 19:09 EDT
Wells Fargo analyst David Maris raised his price target on Ironwood to $22 and kept his Outperform rating, saying he is updating his model following the company's Q1 earnings as well as its announcement of separating its soluble guanylate cyclase business. While the analyst also lowers his FY18 EPS view to (67c) from (38c) to reflect the separation, he adds that future commercial/GI-focused IRWD earnings should no longer be depressed by R&D spending on the sGC assets.
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