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Fly News Breaks for September 9, 2015
Sep 9, 2015 | 08:52 EDT
As previously reported, BofA/Merrill downgraded Theravance to Underperform from Neutral. The firm downgraded shares following the SUMMIT COPD CV study failure and said expansion into the primary care market will be difficult without a label showing mortality benefit. BofA/Merrill lowered its price target to $13 from $16 on shares.
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