Morgan Stanley Initiates Horizon Pharma With Overweight

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Analysts at Morgan Stanley initiated coverage on

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Horizon Pharma PLC

(NASDAQ: HZNP) with a Overweight rating.The target price for Horizon Pharma is set to $38.Horizon Pharma shares have gained 116.45 percent over the past 52 weeks, while the S&P 500 index has surged 9.07 percent in the same period.Horizon Pharma shares rose 0.41 percent to $31.97 in after-hours trading.