Horizon Pharma (HZNP) PT Raised to $39 at Cowen

November 6, 2019 10:05 AM EST
Get Alerts HZNP Hot Sheet
Price: $116.45 -0.01%

Rating Summary:
    15 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 18 | New: 32
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Cowen analyst Ken Cacciatore raised the price target on Horizon Pharma (NASDAQ: HZNP) to $39.00 (from $35.00) while maintaining a Outperform rating.

The analyst commented, "Horizon's Q3 was nicely above, with the key outperformance all due to the more durable orphan portfolio, which now comprises 75% of total revenue. The primary driver was Krystexxa, which was up +42% Y/Y, and has clearly established itself as the backbone growth asset in the P&L. With Tepro set to provide meaningful P&L leverage & duration, the growth story is set to even further accelerate. Add."



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