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Fly News Breaks for November 8, 2016
DEPO
Nov 8, 2016 | 07:38 EDT
Cantor Fitzgerald analyst Chiara Russo downgraded Depomed to Hold saying the negatives outweigh the positives following the company's "disappointing" Q3 results. The analyst sees uncertainty around Depomed's growth prospects amid softness within the overall pain space and increased pressure at the wholesaler. Russo lowered her price target for the shares to $23 from $25.
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