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Fly News Breaks for December 7, 2016
MNK
Dec 7, 2016 | 05:48 EDT
Oppenheimer analyst Derek Archila assumed coverage of Mallinckrodt with an Outperform rating but lowered his price target for the shares to $72 from $115. He views Acthar as a "durable growth asset" and believes Mallinckrodt remains well positioned to drive mid-to-high single-digit top line growth from the company's specialty brand segment.
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