On Tuesday, the Vetr crowd downgraded their rating for Mallinckrodt PLC MNK from 5 stars (Strong Buy), issued 39 days ago, to 3 stars (Hold). Crowd sentiment for the stock at the time of the downgrade was mostly positive, with 89 percent of Vetr user ratings bullish.
The downgrade came on the same day as share price in the biotech saw a 4 percent increase over the course of the trading day, from a low of $49.08 to finish at $51.14.
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Currently, the Vetr crowd's average target price for Mallinckrodt is up at $51.34, which is well below the average analyst target price of $82.41. Less than 2 percent of Vetr users are holding MNK in their watch lists.
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