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Fly News Breaks for November 13, 2015
PRGO, MYL
Nov 13, 2015 | 09:21 EDT
Citi analyst Liav Abraham upgraded Mylan (MYL) to Buy saying an overhang has been removed now that the company's hostile attempt to acquire Perrigo (PRGO) has failed. The deal would have been value destructive for Mylan, Abraham tells investors in a research note. He raised his price target for shares to $59 from $52. The stock is up $4.20 to $47.40 in pre-market trading.
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