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Fly News Breaks for September 29, 2015
ENDP
Sep 29, 2015 | 06:24 EDT
Leerink analyst Jason Gerberry lowered his price target for Endo to $74 to reflect the recent decline in sector valuations. The Par deal closed with no upside to guidance, Gerberry tells investors in a research note. While Endo's Q3 outlook missed expectations, none of the sources of the shortfall were key growth drivers, the analyst argues. He keeps an Outperform rating on the stock.
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