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Fly News Breaks for April 25, 2017
FSNUY, AKRX
Apr 25, 2017 | 05:58 EDT
Piper Jaffray analyst David Amsellem downgraded Akorn (AKRX) to Neutral citing the takeover by Fresenius SE (FSNUY). The analyst believes the transaction price is reasonable and does not expect another suitor coming in at a dramatically higher price point. He raised his price target for Akorn shares to $34 from $29.
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