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Fly News Breaks for June 6, 2018
PRGO
Jun 6, 2018 | 07:11 EDT
Barclays analyst Douglas Tsao downgraded Perrigo to Equal Weight and lowered his price target for the shares to $80 from $93. The company's inability to win approval for its generic version of ProAir reduces near-term earnings momentum, Tsao tells investors in a research note. The analyst feels it will be hard for investors to get comfortable with Perrigo's long-term outlook given secular changes in over-the-counter space.
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