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Shire plc Message Board

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  • blackoutbuzz blackoutbuzz Sep 27, 2012 9:59 AM Flag

    Down more than 2% today on no news

    And now today an upgrade gets the stock back roughly to where it was, and all the while nothing changed #$%$?

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    Finally, Jefferies has upgraded Shire PLC to “buy” from “hold”. The pharmaceutical company has had a challenging year to date, noted Jefferies, with its stock trading around 20% lower.

    However, Shire’s pipeline is warming up, added Jefferies, and there are fewer uncertainties around its important attention deficit hyperactivity disorder franchise.

    “Heightened confidence in the mid-term growth trajectory should trigger a re-rating,” the brokerage added.

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