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Fly News Breaks for June 21, 2017
MNK
Jun 21, 2017 | 14:13 EDT
Wells Fargo analyst David Maris believes Mallinckrodt's debt and leverage "seem very manageable" and argues that investors "should not be overly concerned" about the company's potential to violate its debt covenants. In a note issued before the open, Maris characterized Mallinckrodt's covenants as "loose." He keeps an Outperform rating on Mallinckrodt shares.
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