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Actionable news in TEVA: TEVA PHARMACEUTICAL INDUSTRIES LIMITED AMERICAN DEPOSITARY SHARES,

Teva: Three Strikes, We’re Out!

Yesterday, Teva Pharmaceutical Industries (TEVA) missed earnings forecasts, cut its full-year guidance and slashed its dividend, too, causing its shares to tumble 24%. So what does it do for an encore? It dropped another 10% after getting downgraded by not one...not two...not three...but four analysts.

Teva was cut to Market Perform from Outperform at Bernstein; to Market Perform from Outperform at Cowen; to Neutral from Outperform at Credit Suisse; and to Underperform from Outperform at RBC Capital.

In a report titled...


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