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Fly News Breaks for February 2, 2017
LCI
Feb 2, 2017 | 09:19 EDT
Craig-Hallum analyst Matt Hewitt says that despite ongoing fears regarding competitive pressures, Lannett continues to put up "solid results" while generating meaningful cash flows used to pay down Kremers Urban acquisition related debt. Further, the analyst believes that "strong execution" in Q2 along with news the company has subsequently paid down another $75M of the debt balance should go a long way to calm investor's concerns over leverage. He reiterates a Buy rating and $38 price target on the shares.
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