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Fly News Breaks for August 24, 2017
LCI
Aug 24, 2017 | 08:51 EDT
Craig-Hallum analyst Matt Hewitt says that while the sector continues to be under pressure with terms like "price erosion" and "increased competition" heard with more frequency to describe market dynamics, he continues to believe Lannett stock is undervalued. Despite a plethora of initiatives to drive growth and increasing cost synergies being realized from the Kremers Urban acquisition, the company trades at a "significant" discount to peers, he argues. Hewitt reiterates a Buy rating and $32 price target on the shares.
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