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Fly News Breaks for March 13, 2017
MNK
Mar 13, 2017 | 07:42 EDT
Jefferies analyst Anthony Petrone lowered his price target for Mallinckrodt to $70 after updating his estimates. 2017 is a transitional year for the company, but "clearer skies" are ahead, Petrone tells investors in a research note. Acthar growth is supported by the data build out and volume gains, while Mallinckrodt's pipeline is being underappreciated, Petrone tells investors in a research note. The analyst notes that healthcare policy change will be gradual. He keep a Buy rating on Mallinckrodt.
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