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Fly News Breaks for August 10, 2017
MYL
Aug 10, 2017 | 07:52 EDT
Cowen analyst Ken Cacciatore updated his Mylan model following underwhelming Q2 results. The analyst noted management lowered guidance meaningfully to reflect current operations. He said he has little faith in the company's ability to get complex products approved or make favorable operational and business development decisions and thus recommend investors look for better alternatives. Cacciatore maintained his Market Perform rating and lowered his price target to $30 from $43 on Mylan shares.
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