Leerink Swann Starts Jazz Pharmaceuticals (JAZZ) at Outperform; Compelling Risk/Reward

April 13, 2012 7:39 AM EDT Send to a Friend
Get Alerts JAZZ Hot Sheet
Price: $63.75 +1.19%

Rating Summary:
    16 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 13
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Leerink Swann initiates coverage on Jazz Pharmaceuticals (NASDAQ: JAZZ) with an Outperform. PT $60.00.

Analyst, Michael Schmidt, said, "We project 2011-13 EPS CAGR of 16%, higher growth than its peers. However, JAZZ trades at a discount on a forward P/E due to concerns over sustainability of growth of its key products. We see near term appreciation as JAZZ exceeds EPS expectations driven by organic growth, applying its unique high margin business model. Not included in our model are accretive acquisitions which diversify revenues while capitalizing on its existing platform."

For an analyst ratings summary and ratings history on Jazz Pharmaceuticals click here. For more ratings news on Jazz Pharmaceuticals click here.

Shares of Jazz Pharmaceuticals closed at $44.64 yesterday, with a 52 week range of $23.50-$53.10.


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