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Fly News Breaks for November 2, 2015
PRGO, MYL
Nov 2, 2015 | 07:37 EDT
Leerink analyst Derek Archila views Mylan's (MYL) Q3 results as a non-event ahead of the upcoming Perrigo (PRGO) acquisition tender deadline. The analyst assigns a 40% probability of the deal closing. Archila views the risk/reward for Mylan shares as favorable at current levels given potential upside from generic pipeline catalysts and capital deployment. He cut his price target for the stock to $53 from $60 and keeps an Outperform rating on the name.
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