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Fly News Breaks for March 13, 2017
ACOR
Mar 13, 2017 | 06:37 EDT
Janney Capital analyst Ken Trbovich upgraded Acorda Therapeutics to Buy and raised his fair value estimate for the shares to $38 from $23. The stock closed Friday down $2.00 to $28.15. The positive decision from the Patent Trial Appeal Board regarding the inter-partes review of four of its patents protecting Ampyra is a "significant victory" for Acorda, Trbovich tells investors in a research note. The analyst now has greater confidence that Acorda will prevail in the pending patent litigation with generic filers in the U.S. District Court.
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