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Actionable news in MNK: MALLINCKRODT PUBLIC LIMITED COMPANY,

Why Mallinckrodt Shares Could Double

Mallinckrodt Public Limited Company (NYSE: MNK) has been making waves in the market recently related to its guidance and it has caught the attention of one key analyst. Oppenheimer weighed in on Mallinckrodt in its most recent report where it issued an Outperform rating with a $138 price target.

The company set guidance for fiscal 2016 earnings per share (EPS) as $7.70 to $8.20 which is in line with what Oppenheimer is forecasting ($7.95). However the firm believes there is an upward surprise to what the current stock price had implied. Thomson Reuters has a consensus estimate of $8.00 in EPS for fiscal 2016.

Management also reiterated its conviction around Acthar longevity following recent competitive announcements and maintained...


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