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Fly News Breaks for February 26, 2020
JAZZ
Feb 26, 2020 | 08:12 EDT
RBC Capital analyst Randall Stanicky lowered his price target on Jazz Pharmaceuticals to $164 after its Q4 results and below-consensus outlook for FY20. The analyst notes that while the guidance for revenue was "mixed by product" though largely as expected, the outlook for SG&A rising by 20% again suggests that 2020 will mark "another investment year". Stanicky still keeps his Outperform rating on Jazz Pharmaceuticals given its several pipeline catalysts that may help to diversify its mix.
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