Analysts Getting More Bullish On ViroPharma Following Friday's 28+% Surge On Takeover Chatter
ViroPharma (NASDAQ: VPHM) shares are up about three-quarters of a percent Monday morning on the heels of a 28-plus percent move higher on Friday. Traders in the name were responding to chatter the company had received offers from both Sanofi (NYSE: SNY) and Shire (NASDAQ: SHPG).
Monday morning numerous analysts are commenting and raising price targets on ViroPharma.
- Stifel Nicolaus raised target from $41 to $47, Buy rating maintained.
- Piper Jaffray target from $37 to $46, Overweight maintained.
- Oppenheimer target from $35 to $44, Outperform maintained.
- Mizuho sees value of $45 assuming cost savings if M&A does happen, believes could include a contingent value of $2-3/share related to cinryze.
ViroPharma shares last traded at $39.41.
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