What is going on? Anyone have an explanation for the weakness?
And now today an upgrade gets the stock back roughly to where it was, and all the while nothing changed #$%$?
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.
Wow, they really want this stock down (whoever they is)