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Fly News Breaks for March 29, 2017
DEPO
Mar 29, 2017 | 08:10 EDT
Roth Capital analyst Scott Henry lowered his price target for Depomed to $18 from $23 to reflect a slow start to 2017 and as the company announced a management/Board shake-up and lowered revenue expectations for Q1. The analyst reiterates a Buy rating on the shares despite tough current optics, as he believes that there is long-term value remaining at Depomed.
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