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Allergan Receives a Buy from Credit Suisse


Credit Suisse analyst Vamil Divan maintained a Buy rating on Allergan (NYSE: AGN) yesterday and set a price target of $213. The company’s shares closed yesterday at $177.15.

According to TipRanks.com, Divan is a 1-star analyst with an average return of -1.3% and a 47.0% success rate. Divan covers the Healthcare sector, focusing on stocks such as Aimmune Therapeutics, Johnson & Johnson, and Eli Lilly & Co.

Currently, the analyst consensus on Allergan is a Moderate Buy with an average price target of $204.11.

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Based on Allergan’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $286 million. In comparison, last year the company had a GAAP net loss of $726 million.

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Allergan Plc engages in the research, development, and manufacture of pharmaceutical products. It operates through the following business segments: US Specialized Therapeutics; US General Medicine, and International. The US Specialized Therapeutics segment includes sales and expenses relating to branded products within the United States.