Market Overview

Bank of America Initiates Coverage on Jazz Pharmaceuticals Positive Outlook

Share:
Related JAZZ
Oppenheimer: Bullish Technical Analysis Of 5 Healthcare Names
Heavy News Day For Several Biotech Stocks

In a report published Monday, Bank of America initiated coverage on Jazz Pharmaceuticals (NASDAQ: JAZZ) with a Buy rating and $74 price objective.

Bank of America reported that, “We initiated coverage of Jazz with a Buy rating and $74 PO, which is based on a sum-of-the-parts DCF analysis and does not require multiple expansion. We like Jazz's focus on areas with strong growth potential and franchise durability, and we expect strong sales and EPS growth over the next several years driven by Xyrem and Erwinaze.”

Jazz Pharmaceuticals closed at $56.03 on Monday.

Latest Ratings for JAZZ

DateFirmActionFromTo
Feb 2015BMO CapitalInitiates Coverage onOutperform
Nov 2014CitigroupMaintainsBuy
Nov 2014Stifel NicolausMaintainsBuy

View More Analyst Ratings for JAZZ
View the Latest Analyst Ratings

Posted-In: Bank of AmericaAnalyst Color Initiation Analyst Ratings

 

Related Articles (JAZZ)

Around the Web, We're Loving...