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Fly News Breaks for March 6, 2017
AKRX
Mar 6, 2017 | 05:50 EDT
Deutsche Bank analyst Gregg Gilbert downgraded Akorn to Hold saying the risk/reward is more balanced following the recent rally in the shares. Upside from current levels will have more to do with the "hard-to-call dynamics of new product approvals vs. base business erosion," Gilbert tells investors in a research note. He cut his price target for the shares to $24 from $28.
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