Allergan plc (AGN): Incrementally Cautious - Piper Jaffray
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May 13, 2016 6:52 AM EDT
Mizuho Securities maintained a Neutral rating on Allergen (NYSE: AGN), and cut the price target to $232.00 (from $250.00), following the company's 1Q earnings report. AGN reported $3.8B in revenues and EPS of $3.04 vs. consensus estimates $3.95B and $3.00. Management reiterated its FY16 revenue guidance of... More
May 10, 2016 7:48 AM EDT
By Amrutha Penumudi and Ransdell Pierson
(Reuters) - Allergan Plc (NYSE: AGN), whose $160 billion merger with Pfizer Inc (NYSE: PFE) collapsed last month, reported a higher-than-expected quarterly profit and said it would buy back up to $10 billion in company stock, helping lift its shares 4 percent.
The Dublin drugmaker on Tuesday said the planned $40 billion sale of its generics business to Teva Pharmaceutical Industries (NYSE: TEVA) will close next month and that it will use $8 billion of the money to pay down... More
May 10, 2016 7:31 AM EDT
Allergan (NYSE: AGN) reported Q1 EPS of $3.04, $0.01 better than the analyst estimate of $3.03. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.96 billion.
Allergan's full year 2016 continuing operations standalone estimates are based on management's current belief about prescription trends,... More
