Bank of America Raises 2014 Outlook for Mylan

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In a report published Monday, Bank of America analyst Sumant S. Kulkarni reiterated a Buy rating and $68.00 price target on

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Mylan

(NASDAQ: MYL).In the report, Bank of America noted, “With significant acquisitions, MYL transformed itself from a US-only, generic-only story into a global, diversified, vertically-integrated one. We are encouraged by several quarters of robust execution, and the company has built a platform on which to grow. We believe that continued execution and potential business development activity especially within a more tax-efficient could be the keys to future stock performance.”Mylan closed on Friday at $50.23.