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Fly News Breaks for May 2, 2018
ENDP, MNK
May 2, 2018 | 09:09 EDT
B. Riley FBR analyst David Buck started Mallinckrodt (MNK) with a Neutral rating and $15 price target, as he believes its elevated leverage, decelerating revenues, and competitive threats offset the company's evolving pipeline opportunities. For those seeking a turnaround investment, Buck favors Endo International (ENDP), on which he has a Buy rating, he tells investors.
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