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Fly News Breaks for May 26, 2016
SHPG
May 26, 2016 | 07:41 EDT
Stifel analyst Annabel Samimy initiated Shire (SHPG) with a Buy and $230 price target saying the company now holds a leading position among its BioPharmaceutical peers, with one of the deepest portfolios and pipelines in Rare Diseases. Samimy continues, with the pending acquisition of Baxalta (BXLT), Shire will further diversify its portfolio, doubling its size and breadth with three new platforms and bringing stable cash flow to drive its strategic growth plans through 2020 and beyond.
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