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Fly News Breaks for December 4, 2017
SUPN
Dec 4, 2017 | 07:33 EDT
Janney Capital analyst Ken Trbovich upgraded Supernus to Buy from Neutral, calling it the best positioned among the companies he covers to be an immediate beneficiary of lower U.S. corporate tax rates, which now appear highly likely for 2018 following the passage of tax bills in both the Senate and House. Reducing the Federal corporate tax rate from 35% to 22% would boost his 2018 EPS estimate for Supernus to $1.72 from $1.48 per share, noted Trbovich, who reiterated a $47 fair value estimate on the stock.
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