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Fly News Breaks for April 27, 2015
AKRX
Apr 27, 2015 | 07:14 EDT
JPMorgan says Akorn's base business remains well positioned despite the company's additional financial restatements relating to the understatement of rebates and other sales allowances. The firm continues to see M&A as a significant upside driver over time for Akorn. It lowered its price target for shares to $58 from $61 and keeps an Overweight rating on the name. Shares of Akorn were downgraded this morning at Piper Jaffray.
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