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Fly News Breaks for September 17, 2015
BXLT, SHPG
Sep 17, 2015 | 08:26 EDT
Cowen said Shire's (SHPG) proposed acquisition of Baxalta (BXLT) has received a mixed reaction which, combined with the general market correction, has set up a compelling entry point in Shire shares. The firm believes investors will begin to re-appreciate the revenue and earnings inflection that is set to occur with its Lifitegrast opportunity and reiterated its Outperform rating and $325 price target on Shire shares.
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