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Fly News Breaks for March 23, 2016
AKRX
Mar 23, 2016 | 08:08 EDT
Nomura analyst Shibani Malhotra said Akorn reported solid preliminary 2015 results and stronger than expected 2016 guidance. Malhotra continues to view valuation as attractive and is encouraged by management's confidence that the company is "on track" wiht its plan to file 2014 and 2015 financials in early May to regain Nasdaq compliance by the May 9 deadline. The analyst rates Akorn a Buy with a $42 price target on shares.
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