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Fly News Breaks for March 1, 2018
FSNUY, AKRX
Mar 1, 2018 | 05:46 EDT
Deutsche Bank analyst Gregg Gilbert believes the upside versus downside profile for Akorn (AKRX) is "looking more interesting" following the recent pullback in the shares. The current stock price suggests "significant skepticism" around the closing of the Fresenius SE (FSNUY) takeover, Gilbert tells investors in a research note. While it is very difficult to know how the data beach investigation changes the likelihood and timing of a deal closing, it is worth noting that the stock has $17 of upside if the deal closes and up to $8 downside if the deal falls apart, the analyst contends. He keeps a Hold rating Akorn with a $34 price target.
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