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Fly News Breaks for June 13, 2018
LLY, ARMO
Jun 13, 2018 | 06:15 EDT
Jefferies analyst Biren Amin downgraded Armo BioSciences (ARMO) to Hold and lowered his price target for the shares to $50 from $61. The analyst expects the takeover by Eli Lilly (LLY) to close in a few weeks and does not expect a competing bid to emerge.
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