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Sterne Agee Sees 16% Upside for Actavis, Initiates Coverage

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Shares of Actavis (NYSE: ACT) are up 2.3 percent to $198.42 in Wednesday's trading after Sterne Agee initiated coverage on the stock with a Buy rating and $230 price target.

Analyst Shibani Malhotra sees upside “to the company's pro-revenue and synergy targets, and expects management to continue to implement on its disciplined inorganic growth strategy.”

The analyst is also bullish on the company's growth profile following its recent merger with Forest Laboratories.

Latest Ratings for ACT

DateFirmActionFromTo
Jun 2015Initiates Coverage onOutperform
May 2015MaintainsBuy
May 2015MaintainsPositive

View More Analyst Ratings for ACT
View the Latest Analyst Ratings

Posted-In: forest laboratories Shibani Malhotra Sterne AgeeAnalyst Color Initiation Analyst Ratings

 

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