Shire plc (SHPG) Tops Q1 EPS by 16c; Reaffirms FY16 Outlook, Offers Commentary
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Still Cautious on Shire plc (SHPG) - Piper Jaffray
May 2, 2016 8:12 AM EDTPiper Jaffray analyst, David Amsellem, is staying cautious on Shire (NASDAQ: SHPG) considering the uncertain future contribution from Baxalta even though 1Q results were solid. No change to the Neutral rating and the $174 PT is based on 14x 2017E pro forma EPS of $13.90, disc. 12%.
Shire reported 1Q16 non-GAAP EPS of $3.19 on revenues of $1.71B, versus the Street estimates of $3.05 and... More
