BGU - REGN 9/2/14
REGN is having a buyable gap up out of a multi-month base on a price target upgrade to $400 from $340 at Credit Suisse. Such upgrades carry less weight as they do not represent a material change to the company. Earnings and sales are robust, pretax margin 44.4%, ROE 58.5%. We reported on REGN on July 30 when it had a prior buyable gap up.
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