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Bank of America Initiates Coverage on Jazz Pharmaceuticals Positive Outlook

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The Market In 5 Minutes: Monday, April 25, 2016
Benzinga's Top Upgrades

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
Apr 2016SunTrust Robinson HumphreyUpgradesNeutralBuy
Feb 2016Stifel NicolausMaintainsBuy
Feb 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for JAZZ
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Posted-In: Bank of AmericaAnalyst Color Initiation Analyst Ratings

 

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