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Fly News Breaks for August 7, 2015
MYL, PRGO
Aug 7, 2015 | 07:19 EDT
UBS believes now is a good time to buy Mylan (MYL) shares. The firm cited Mylan's change in tone regarding Perrigo (PRGO), noting management said they want to do the deal but don't necessarily need to do it. UBS said if they pull the Perrigo deal, Mylan will likely look for another accretive deal, which will drive the stock higher. UBS reiterated its Buy rating but lowered its price target to $77 from $90 on Mylan shares.
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