Macquarie downgrade, 70c Target, page-19

Thanks.  Very interesting - they are more bearish than me... will be interesting to see how it plays out.  
for what's its worth have provided the comp below.  My view now (and yes it keeps changing!) is either they hit the 50m milestone or not...

Downside is a couple of years of declining market size in the US (with some growth internally) and fading market share as a result of generics out to 2020...

Base is the much the same but with a couple of percent market share upside before the fade sets in... so they hit the US$50m milestone...