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Fly News Breaks for February 15, 2018
SHPG
Feb 15, 2018 | 09:01 EDT
RBC Capital analyst Douglas Miehm lowered his price on Shire to $181, citing a "mixed" FY18 outlook and margin pressure from the new plasma facility coming online. The analyst keeps his Outperform rating on the stock, noting that valuation is compelling at a "two-turn discount to peers despite the 10% free cash flow yield that is well above the 7% group average".
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