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Jefferies sees up to 90% chance Horizon Therapeutics (HZNP) gets acquired, with $125 base case

December 1, 2022 11:06 AM EST

Jefferies analyst Akash Tewari was the latest Wall Street analyst to weigh in on the takeover prospects of Horizon Therapeutics (NASDAQ: HZNP) after the company announced Tuesday that it is in preliminary talks with three large pharmaceutical companies about a potential buyout.

Tewari is positive on the prospects of a deal and sees one happening in the $25-$30 billion range, which he also said does not bake in Tepezza peak sales of $4 billion.

The analyst said the... More