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Fly News Breaks for October 16, 2018
SPRO, SNN, SCCO, AMRX, PF
Oct 16, 2018 | 10:23 EDT
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pinnacle Foods (PF) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale saying he assumes Conagra Brands' (CAG) bid to buy the company for $68 will go through without any competing bids. 2. Amneal Pharmaceuticals (AMRX) downgraded to Hold from Buy at SunTrust with analyst John Boris saying while the company has indicated that it has the highest number of approvals on tap for FY19, its Q4 is faced with pressure from the earlier than anticipated timing from top drug competition. 3. Southern Copper (SCCO) downgraded to Hold from Buy at Santander. 4. Smith & Nephew (SNN) downgraded to Hold from Buy at HSBC. 5. Spero Therapeutics (SPRO) downgraded to Underperform from Neutral at BofA/Merrill with analyst Jason Gerberry saying after reviewing Spero's pipeline he has a more conservative view for lead asset, SPR994 for the treatment of complicated urinary tract infections. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
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