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May 27, 2014
09:24 EDTSLXPSalix should be bought ahead of catalysts, says Sterne Agee
Sterne Agee believes that the upcoming FDA Advisory Committee on Relistor, scheduled for June 11-12, and the TARGET 3 clinical trial data on Xifaxan, expected in early July, provide important near-term catalysts for Salix. The firm recommends that investors buy Salix ahead of these events. It increased its price target on the stock to $130 from $126.
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