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Fly News Breaks for April 24, 2018
AGN
Apr 24, 2018 | 07:08 EDT
Citi analyst Liav Abraham resumed coverage of Allergan with a Buy rating while lowering her price target for the shares to $200 from $220. Allergan's use of equity at current levels to finance a material transaction warrants questioning, unless the transaction has "very meaningful strategic and financial rationale," Abraham tells investors in a research note. Nonetheless, the analyst sees value in Allergan's aesthetics franchise and pipeline.
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