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Horizon Pharma (HZNP) Stock Rises, Morgan Stanley Upgrades

NEW YORK (TheStreet) -- Shares of Horizon Pharma (HZNP) are gaining 1.84% to $19.06 late Monday morning as Morgan Stanley boosted its rating on the stock to "equal weight" from "underweight," the Fly reports.

The firm has a $24 price target on shares of the Dublin-based biopharmaceutical company.

Morgan Stanley cited possible near-term news flow from a potential pharmacy benefit manager (PBM) contract for 2017 and top-line results for its Actimmune protein in Friedreich's ataxia, a...