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Macquarie Starts Allergan (AGN) at Outperform

July 23, 2010 8:16 AM EDT
AGN Hot Sheet
Rating Summary:
    9 Buy, 5 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 16 | Down: 7 | New: 23
Macquarie initiates coverage on Allergan (NYSE: AGN) with an Outperform rating and $75 price target.

Allergan closed at $62.56 yesterday with a 52-week range of $50.22-$66.95. Shares have not traded yet today.

Allergan, Inc., a multi-specialty healthcare company, discovers, develops, and commercializes specialty pharmaceutical, medical device, and over-the-counter products for the ophthalmic, neurological, medical aesthetics, medical dermatological, breast aesthetics, obesity intervention, urological, and other specialty markets worldwide.

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