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Fly News Breaks for August 11, 2016
PRGO
Aug 11, 2016 | 08:02 EDT
Leerink analyst Jason Gerberry lowered his price target for Perrigo to $81 from $96 after the company announced disappointing guidance as headwinds in the prescription drugs segment continue. Gerberry also remains concerned that limited new product contribution in the consumer store brand segment will limit upside relative to rebased numbers for the next three quarters. He reiterates a Market Perform rating on the shares.
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