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Fly News Breaks for November 27, 2018
EGLT
Nov 27, 2018 | 07:29 EDT
JMP Securities analyst Jason Butler downgraded Egalet to Underperform from Outperform and lowered his price target to $0 from $1.50 after the company announced it has entered Chapter 11 bankruptcy proceedings and that existing equity will be eliminated. The firm is also terminating coverage of Egalet.
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