Shire plc (SHPG): Positive Risk Reward - Cowen

Cowen analyst, Ken Cacciatore, reiterated his Outperform rating on shares of Shire (NASDAQ: SHPG) on the belief that the negatives are well known & well factored into the share price but a potential re-rating is possible if ACE910 were to disappoint/stumble, especially in non-inhibitors – which the analyst believes is very likely.

The analyst believes that few companies at this capitalization have as limited downside as shire and could enjoy a thorough revision once if his competitive thesis plays out.

No change to the price target of $325.

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

Shares of Shire closed at $172.92 yesterday.

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