Alexion Pharmaceuticals (ALXN) Receives a Buy from William Blair

By Austin Angelo

William Blair analyst Raju Prasad maintained a Buy rating on Alexion Pharmaceuticals (ALXNResearch Report) today. The company’s shares closed last Monday at $113.34.

According to TipRanks.com, Prasad is a 5-star analyst with an average return of 23.2% and a 62.7% success rate. Prasad covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Rocket Pharmaceuticals, and Crispr Therapeutics AG.

Currently, the analyst consensus on Alexion Pharmaceuticals is a Strong Buy with an average price target of $146.58, representing a 28.8% upside. In a report released yesterday, Piper Jaffray also maintained a Buy rating on the stock.

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Based on Alexion Pharmaceuticals’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $468 million. In comparison, last year the company had a net profit of $331 million.

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Alexion Pharmaceuticals, Inc. is a biopharmaceutical company, which focuses on serving patients with devastating and ultra-rare disorders through the development and commercialization of life-transforming therapeutic products. Its products include ultomiris, soliris, strensiq and kanuma. The company was founded by Joseph A. Madri, David W. Keiser, Stephen P.