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Fly News Breaks for January 23, 2020
LLY, DERM
Jan 23, 2020 | 07:08 EDT
H.C. Wainwright analyst Douglas Tsao downgraded Dermira (DERM) to Neutral from Buy with an $18.75 price target to reflect the pending takeover by Eli Lilly (LLY). The transaction is not subject to any financing condition and is expected to close by the end of Q1, the analyst points out.
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