By: Benzinga
UPDATE: Citigroup Initiates Jazz Pharmaceuticals at Buy; Expecting Settlement to Remove Overhang
Citigroup initiated coverage on Jazz Pharmaceuticals (NASDAQ: JAZZ ) with a Buy rating and a $70 price target. Citigroup commented, "We see a high probability (~≥75%) of either a settlement or win for JAZZ around the ongoing litigation with Roxane over narcolepsy drug Xyrem. While we believe JAZZ
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