Baird Maintains an 'Outperform' on Shire plc (SHPGY); Like Clockwork, Another Positive Update & Outlook

Baird maintains an 'Outperform' on Shire plc (NASDAQ: SHPGY) price target raised to $124.

Baird analyst says, "Remain Outperform following another solid quarter and constructive outlook, just like clockwork. Q4 was strong, the initial outlook for 2012 is constructive, and our thesis is fully intact. SHPGY remains very well positioned for the macro, the pipeline is a series of call options with fairly good catalyst flow this year, and we still regard this as a top-quality, larger-cap core holding for growth.

For an analyst ratings summary and ratings history on Shire plc click here. For more ratings news on Shire plc click here.

Shares of Shire plc closed at $103.60 yesterday, with a 52 week range of $79.02-$105.53.

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