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Fly News Breaks for November 5, 2015
LCI
Nov 5, 2015 | 08:06 EDT
Craig-Hallum downgraded Lannett to Hold and lowered its price target to $45 from $72 following the major customer loss at Kremers Urban, the company it is about to acquire. Analyst Matt Hewitt still thinks the acquisition is the right decision in the long-run but the loss is painful and downgraded shares based on tempered expectations.
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