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Fly News Breaks for November 5, 2015
AKRX
Nov 5, 2015 | 07:11 EDT
JPMorgan analyst Dana Flanders calls Akorn's restatement update last night a net positive saying the path towards remediation is now clearer. The guidance indicates Akorn continues to execute on its base business, Flanders tells investors in a research note. The analyst believes the stock is "highly undervalued" and keeps an Overweight rating on the name with a $58 price target.
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