Horizon Pharma (HZNP): Raising PT On RPTP Deal - Mizuho
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Mizuho Securities analyst, Irina Koffler, reiterated her Buy rating on Horizon Pharma (NASDAQ: HZNP) and raised her price target to $33.00 on the RPTP deal. The analyst views the deal as a sensible, accretive, "building block" deal that should continue to diversify the business away from primary care. The analyst also expects HZNP to benefit from yet another round of 9.9% price increases in Aug, in anticipation of additional contracts.
The $33PT is up from $30 and remains based on a DCF with a 13% WACC and 3% terminal growth rate.
Shares of Horizon Pharma closed at $18.89 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Mergers and Acquisitions
Related EntitiesRaising Prices, Irina Koffler
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