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Fly News Breaks for April 23, 2018
FSNUY, AKRX
Apr 23, 2018 | 06:23 EDT
Piper Jaffray analyst David Amsellem believes it is unclear if Fresenius' (FSNUY) investigation into data breaches at Akorn (AKRX) is simply a gambit to prevent a "sure-fire case of buyer's remorse" or a legitimate issue. We simply do not know, Amsellem tells investors in a research note. He believes Akorn's standalone value is $16-$18 per share at best. The analyst reiterates a Neutral rating on Akorn.
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