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  "documentTitle": "Pershing Square | Activist Presentation Deck | 120 slides",
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  "authorName": "Pershing Square Capital Management, L.P.",
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  "presentationDate": "2014-07-01 00:00:00",
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  "notes": "Uses a grouped bar chart to compare old vs new analyst price targets across five firms.",
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      "kind": "callout",
      "text": "Certain analysts have increased their near-term price targets by up to 67% based on a 24% increase in EPS five years from now",
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      "text": "Management's increased guidance from a 15% EPS CAGR to a 20% EPS CAGR implies a 24% increase in 2019 EPS",
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      "text": "Source: Allergan June 10, 2014 investor presentation. (1) Represents midpoint of price target range.",
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      "kind": "title",
      "text": "The Revised Plan Does Not Support Certain Standalone Analyst Price Target Increases...",
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