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UPDATE: Stifel Downgrades ViroPharma Following News of Proposed Acquisition by Shire Pharmaceuticals

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In a report published Tuesday, Stifel analyst Stephen Willey downgraded the rating on ViroPharma (NASDAQ: VPHM) from Buy to Hold, and removed the $47.00 price target.

In the report, Stifel noted, “We are downgrading shares of Viropharma Inc. as a result of the company's recent announcement that its Board of Directors have unanimously agreed to a proposed acquisition by Shire Pharmaceuticals (SHPG: $135.01, Not Covered). We believe the proposed acquisition price of $50/share fairly values the company, we do not expect any additional bidders to emerge, and we expect the deal to close by YE13 without any concerns on the manufacturing or antitrust fronts.”

ViroPharma closed on Monday at $49.48.

Latest Ratings for VPHM

DateFirmActionFromTo
Nov 2013Stifel NicolausDowngradesBuyHold
Nov 2013JP MorganDowngradesOverweightNeutral
Nov 2013PiperJaffrayDowngradesOverweightNeutral

View More Analyst Ratings for VPHM
View the Latest Analyst Ratings

 

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Posted-In: Stephen Willey StifelAnalyst Color Downgrades Analyst Ratings

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FIBKStephens & Co.Downgrades
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AGMSidoti & Co.Downgrades115.0
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OCGNCantor FitzgeraldDowngrades11.0
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