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Fly News Breaks for November 7, 2016
AKRX
Nov 7, 2016 | 07:48 EDT
As previously reported, BofA/Merrill downgraded Akorn two notches to Underperform from Buy and lowered its price target to $22 from $40. Analyst Sumant Kulkarni sees potential risks ahead that include the the FDA timing/outcome of the FCA Decatur facility reinspection, potential for worsening generic pricing, optimistic Street estimates, and ephedrine sulfate product concentration.
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