Deutsche Bank Raises Price Target For Shire To $260

Mark Clark of Deutsche Bank on Friday reiterated a Buy rating on shares of Shire PLC (ADR) SHPG with a price target raised to $260 from a previous $233, for consistency with a new price target of 5,700p on the UK based ticker, SHP.L. Clark notes that the new price target assumes the completion of the $5.2 billion NPS Pharmaceutical deal at the end of third quarter and that the FDA will approve Natpara for HPT. Shares of Shire recently traded t $212.04.