Fly News Breaks for March 2, 2015
PCYC
Mar 2, 2015 | 07:40 EDT
Leerink raised its price target for Pharmacyclics to $240 citing its M&A valuation after a press report suggested a possible buyout. The firm says its valuation goes as high as $262 per share given the company's liquid tumor opportunities, but its price target of $240 assumes an acquirer gets to keep some of the upside. Leerink keeps an Outperform rating on Pharmacyclics.
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