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Jefferies Downgrades Questcor Pharmaceuticals (QCOR) to Hold Following Takeover

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April 8, 2014 6:58 AM EDT
Get Alerts QCOR Hot Sheet
Price: $93.60 --0%

Rating Summary:
    5 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 17 | New: 16
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Jefferies downgraded Questcor Pharmaceuticals (NASDAQ: QCOR) from Buy to Hold with a price target of $86.00 after the sale to Mallinckrodt plc (NYSE: MNK) for $30 per share in cash plus 0.897 MNK share. The downgrade comes as they see limited upside.

For an analyst ratings summary and ratings history on Questcor Pharmaceuticals click here. For more ratings news on Questcor Pharmaceuticals click here.

Shares of Questcor Pharmaceuticals closed at $80.58 yesterday.


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