BMO Capital analyst Gary Nachman downgraded Horizon Therapeutics (HZNP) to Market Perform from Outperform with a $117 price target. The company’s acquisition by Amgen (AMGN) reflects a fair value for a "solid growth story" and he does not anticipate any major hurdles from the standpoint of the FTC, the analyst tells investors in a research note.
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Published first on TheFly
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