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Fly News Breaks for February 27, 2019
MNK
Feb 27, 2019 | 08:09 EDT
Canaccord analyst Dewey Steadman said he was pleased with Mallinckrodt's guidance, which implies a return to growth following several years of contraction. The analyst expects a number of catalysts this year and he believes management's focus on Acthar solidification, pipeline progression, and continued product execution have largely been lost to emotional selling over the past year. Steadman reiterated his Buy rating and $40 price target on Mallinckrodt shares.
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