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Fly News Breaks for May 31, 2017
SHPG
May 31, 2017 | 08:00 EDT
Cowen analyst Ken Cacciatore said there is a potentially imminent re-rating of Shire following the release of ACE910 data, which could disappoint, especially in non-inhibitors. He believes if this happens investors should add to positions as he said there are very few companies with its capitalization that offer such limited downside. Cacciatore reiterated his Outperform rating and $325 price target on Shire shares.
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