Will This Price Target Increase Help Allergan (AGN) Stock Today? (Update)

Updated (10:31 a.m.): Updated with Tuesday morning price information.

NEW YORK (TheStreet) -- Jefferies increased its price target on Allergan  (AGN) to $139, increased its estimates and set a "hold" rating. The firm noted double digit growth with productive R&D and superior execution.

The stock was up nearly 16% to $164.60 at 10:31 a.m. on Tuesday.

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