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Fly News Breaks for June 12, 2019
AGN
Jun 12, 2019 | 11:04 EDT
Cantor Fitzgerald analyst Louise Chen lowered her price target for Allergan to $125 from $180, driven by multiple contraction, given increasing headwinds from macro factors. The analyst notes that Allergan's current portfolio of products may face competition and cannibalization from its own pipeline and the company may not be able to meet integration and synergy targets. Chen reiterates a Neutral rating on the shares.
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