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Fly News Breaks for August 9, 2016
ALR, ABT
Aug 9, 2016 | 07:18 EDT
Deutsche Bank analyst Kristen Stewart believes the material weaknesses disclosed yesterday by Alere (ALR) over internal controls coupled with other matters leaves the door open for Abbott (ABT) to break its proposed takeover deal. The analyst likes Abbott shares with or without Alere and keeps a Buy rating on the shares with a $49 price target. Alere closed yesterday up $1.06 to $38.50.
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