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Stock Market & Financial Investment News

News Breaks
May 27, 2014
06:37 EDTAKRXAkorn shares remain attractively valued, says Piper Jaffray
Piper Jaffray believes shares of Akorn remain attractively valued despite the recent strength. The firm expects gross margin expansion from recent acquisitions and keeps an Overweight rating on the stock with a $33 price target.
News For AKRX From The Last 14 Days
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February 12, 2016
08:46 EDTAKRXAkorn remains a potential takeout target, says RBC Capital
RBC Capital analyst Randall Stanicky says he remains optimistic that Akorn (AKRX) can complete the audit process by May 9 and that the company remains a potential takeout candidate despite one less near-term buyer in Mylan (MYL). Mylan's purchase of Meda puts a potential buyer on the sidelines for now, Stanicky tells investors in a research note. He had viewed Mylan as the most likely suitor followed by Perrigo (PRGO). Applying the price paid for Meda yields a $47 per share buyout price target for Akorn, the analyst notes. He lowered his price target for Akorn shares to $37 from $52 and keeps an Outperform rating on the name.

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