Wells Fargo Downgrades Teva Pharma (TEVA) to Market Perform
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Wells Fargo Downgrades Actavis (ACT) to Market Perform on Valuation
March 18, 2013 7:55 AM EDTWells Fargo downgraded Actavis (NYSE: ACT) from Outperform to Market Perform with a valuation range of $94-$98 primarily on valuation. The downgrade was a part of the firm's broader downgrade of the Drug sector rating to Market Weight from Overweight.
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