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Fly News Breaks for August 2, 2016
AKRX
Aug 2, 2016 | 05:56 EDT
Raymond James analyst Elliot Wilbur downgraded Akorn to Market Perform citing valuation with the stock hitting his previous price target of $34. The analyst also sees increased risk to second half of 2016 estimates on "intensified price competition and a light contribution from new launches." The generic drugmaker closed yesterday down 43c to $33.80.
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