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Fly News Breaks for March 16, 2016
AKRX
Mar 16, 2016 | 06:38 EDT
Leerink analyst Jason Gerberry lowered his price target for Akorn to $24 saying the company's 2016 outlook on March 22 is unlikely to be a catalyst. The analyst expects a more conservative revenue outlook than the Street expects. He remains cautious into Akorn's restatement on May 9 and keeps a Market Perform rating on the shares.
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