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Fly News Breaks for December 10, 2019
UNH, DPLO
Dec 10, 2019 | 07:15 EDT
Mizuho analyst Ann Hynes lowered her price target for Neutral-rated Diplomat Pharmacy (DPLO) to $4 from $6 to reflect UnitedHealth's (UNH) take-under buyout. The analyst does not expect any other bidders given Diplomat's outstanding debt and operational challenges. She expects the deal to be completed in January 2020.
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