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Fly News Breaks for December 1, 2015
ABBV
Dec 1, 2015 | 05:40 EDT
Barclays analyst Geoff Meacham downgraded AbbVie to Equal Weight after assuming coverage of the name. The potential for a Humira biosimilar before 2020, while unlikely, presents headline risk, Meacham tells investors in a research note. His estimates are also below the company's 2020 guidance. Meacham lowered his price target for shares to $72 from $73.
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