Actionable news
0
All posts from Actionable news
Actionable news in MNK: MALLINCKRODT PUBLIC LIMITED COMPANY,

Mallinckrodt (MNK) Stock Price Target Lowered at Deutsche Bank

NEW YORK (TheStreet) -- Mallinckrodt's (MNK) stock price target was trimmed to $82 from $84 at Deutsche Bank on Wednesday.

The firm maintained a "buy" rating on shares of the Dublin-based pharmaceutical company.

Deutsche Bank previously updated its Mallinckrodt model based on preliminary estimates for the company's planned divestiture of its nuclear imaging business to IBA Molecular. The deal is expected to close in the first half of 2017.

"Management has since provided additional color on the potential financial impact of the divestiture that implies somewhat greater dilution relative...


More