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Fly News Breaks for January 5, 2018
IRWD
Jan 5, 2018 | 06:37 EDT
BofA/Merrill analyst Ying Huang downgraded Ironwood two notches to Underperform from Buy and cut its price target to $15 from $20 due to lack of catalysts and reduced product sales expectations. The analyst believes Linzess sales weakness could continue due to further pricing pressure and competition from Trulance and Amitiza and said there is a lack of pipeline catalysts in 2018.
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