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Fly News Breaks for July 7, 2017
ENDP
Jul 7, 2017 | 06:22 EDT
Deutsche Bank analyst Gregg Gilbert lowered his price target for Endo International to $15 after the company announced the market withdrawal of Opana ER. Removing Opana ER revenue and gross profit from his model starting in Q3 lowered his 2018 and beyond earnings estimates by 13%-15%. The analyst, however, keeps a Buy rating on Endo as he sees upside potential over the next 12 months.
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