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Fly News Breaks for February 11, 2016
MYL
Feb 11, 2016 | 06:48 EDT
Citi analyst Liav Abraham says he struggles to justify the high price Mylan paid for Meda given Meda's low top-line growth profile relative to Mylan's. The acquisition pushes Mylan shares back to "show-me" territory over the near term, Abraham tells investors in a research note. He keeps a Buy rating on the stock with a $59 price target.
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