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Fly News Breaks for February 2, 2016
MSLI
Feb 2, 2016 | 07:57 EDT
Scotiabank downgraded Merus Labs to Sector Perform and reduced its price target to $2.75 from $2.80 citing limited catalysts for shares. The firm said the acquisition of three cardiovascular drugs is neutral to slightly negative to valuation as they appear to have weaker margins.
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