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Fly News Breaks for November 10, 2015
MNK
Nov 10, 2015 | 07:15 EDT
JPMorgan analyst Chris Schott says shares of Mallinckrodt remain "'highly inexpensive" following yesterday's 17% selloff. Citron has been a longtime critic of Questcor, which Mallinckrodt acquired late last year, Schott tells investors in a research note. Acthar Gel does face reimbursement challenges, but this looks well reflected in current valuation and consensus estimates, the analyst contends. He keeps a Neutral rating on the name.
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