UBS Cuts Allergan (AGN) PT, Ests But Remains Above Consensus
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Morgan Stanley Resumes Allergen (AGN) at Overweight
April 7, 2016 8:28 AM EDTMorgan Stanley resumed coverage on Allergen (NYSE: AGN) with an Overweight rating and a price target of $300.00.
For an analyst ratings summary and ratings history on Allergen click here. For more ratings news on Allergen click here.
Shares of Allergen closed at $244.74 yesterday.
... MoreJPMorgan Resumes Allergen (AGN) at Overweight
April 7, 2016 7:46 AM EDTJPMorgan resumed coverage on Allergen (NYSE: AGN) with an Overweight rating and a price target of $325.00.
For an analyst ratings summary and ratings history on Allergen click here. For more ratings news on Allergen click here.
Shares of Allergen closed at $244.74 yesterday.
... MoreSusquehanna Downgrades Allergen (AGN) to Neutral
April 7, 2016 7:30 AM EDTSusquehanna downgraded Allergen (NYSE: AGN) from Positive to Neutral.
For an analyst ratings summary and ratings history on Allergen click here. For more ratings news on Allergen click here.
Shares of Allergen closed at $244.74 yesterday.
... MoreAllergen's (AGN) Price Target Reduced to $282 at Deutsche Bank
April 6, 2016 3:40 PM EDTDeutsche Bank maintained a Buy rating on Allergen (NYSE: AGN) but lowered its price target to $282.00 (from $339.00). Earlier its merger with Pfizer (NYSE: PFE) was terminated.
"It is important to note that our estimates and... More
Piper Jaffray Sees Value in Allergen (AGN) Post-Pfizer; PT to $311
April 6, 2016 11:29 AM EDTPiper Jaffray analyst David Amsellem reiterated his Overweight rating while trimming his price target on Allergen (NYSE: AGN) to $311.00 (from $333.00) after the collapse of the Pfizer deal. The analyst sees ample room for valuation creation post--Pfizer.
"With the collapse of the merger between Allergan... More
Standalone Allergan (AGN) Could Be Worth $300 - RBC
April 6, 2016 8:36 AM EDTAllergan (NYSE: AGN) and Pfizer (NYSE: PFE) have officially called off the proposed combination following Monday night's aggressive Treasury rules that seem aimed to derail the deal. The stock is already reflecting deal break and so from here the focus will pivot to two things (i) what is "standalone" AGN worth and (ii) what is the earnings power. RBC analyst, Randall Stanicky, thinks the stock and Street numbers understate both right now.
AGN will hold a conference call at 10AM ET to discuss outlook from here... More
Leerink Partners Cuts Price Target on Allergan (AGN) Following New U.S. Treasury Regulations
April 6, 2016 7:13 AM EDTLeerink Partners maintained an Outperform rating on Allergen (NYSE: AGN), and cut the price target to $272.00 (from $340.00), following new U.S. Treasury regulations. The Treasury's temporary regulation regarding new tax inversion rules creates a risk to PFE (MP) - AGN closing.
Analyst Jason Gerberry... More
Pfizer (PFE) Announces Termination of Merger Agreement with Allergan (AGN)
April 6, 2016 6:45 AM EDTPfizer Inc. (NYSE: PFE) announced that the merger agreement between Pfizer and Allergan plc (NYSE: AGN) has been terminated by mutual agreement of the companies. The decision was driven by the actions announced by the U.S. Department of Treasury on April 4, 2016, which the companies concluded qualified as an Adverse Tax Law Change... More
