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Fly News Breaks for December 12, 2016
AKRX
Dec 12, 2016 | 12:20 EDT
Craig-Hallum analyst Matt Hewitt reiterates a Buy rating and $36 price target on Akorn after the company said the FDA re-inspected its Decatur manufacturing facility and had no 483 observations. The news "removes a significant overhang" and the shares should "march higher" as a result, Hewitt tells investors in a research note. The analyst expects Akorn to receive "several" near-term approvals.
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