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December 17, 2014
12:57 EDTSGNTOn The Fly: Midday Wrap
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07:32 EDTSGNTSagent FY15 guidance could be 'well below' consensus, says Jefferies
Jefferies says it sees several reasons why Sagent Pharmaceuticals' upcoming FY15 guidance could fall "well below" consensus estimates. The firm believes the launch of g-Venofer and g-Nembutal could be delayed until FY16, and it thinks Sagent's base business could see enhanced competition in FY15. Jefferies lowered its price target for shares to $27 from $33 and keeps a Hold rating on the name.

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