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Fly News Breaks for September 16, 2016
ALIM
Sep 16, 2016 | 06:31 EDT
Cowen analyst Boris Peaker upgraded Alimera Sciences to Outperform and established a $3 price target. The analyst believes the recent refinancing removes an overhang as the company is now capitalized to comfortably reach cash-flow breakeven next year and not at risk of tripping its debt covenants. Further, Peaker sees significant room for upside from Iluvien sales growth.
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