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Fly News Breaks for June 16, 2016
BXLT, SHPG
Jun 16, 2016 | 07:56 EDT
Leerink analyst Jason Gerberry lowered his price target for Shire (SHPG) to $213 from $225 ahead of the company's 2016 guidance update. The analyst expects mid-single digit EPS accretion with possible upside on cost synergies after the company completed the acquisition of Baxalta (BXLT) in the beginning of the month. Leerink has an Outperform rating on Shire's shares.
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