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Fly News Breaks for June 18, 2018
PRGO
Jun 18, 2018 | 08:13 EDT
Morgan Stanley analyst David Risinger lowered his annual EPS estimates for Perrigo, primarily due to a delay in the launch of generic ProAir, stating that he now assumes a launch in October of next year instead of in October of this year. He also reduced his Q2 estimates due to expectations for flattish generic segment performance and lowered his price target on the stock to $85. Risinger maintains an Equal Weight rating on Perrigo shares.
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