Fly News Breaks for February 27, 2015
AKRX
Feb 27, 2015 | 07:24 EDT
Needham downgraded Akorn to Hold from Buy after shares rallied yesterday following the company's better than expected results and outlook. Needham believes the stock at current levels is already pricing in further upside to estimates. It views the risk/reward as neutral. Piper Jaffray and WallacBeth this morning raised their price target for Akorn shares to $66 from $65, respectively.
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