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Fly News Breaks for August 5, 2015
MNK
Aug 5, 2015 | 06:48 EDT
JPMorgan analyst Chris Schott downgraded Mallinckrodt to Neutral saying the company's update on generics, Acthar and Ofirmev suggest lower than expected near-term growth. Schott sees more attractive opportunities elsewhere even with the stock's 15% post-earnings selloff yesterday. He cut his price target for shares to $120 from $140.
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