Argus Downgrades Mylan (MYL) to Hold

Argus downgraded Mylan (NASDAQ: MYL) from Buy to Hold.

Analyst Jasper Hellweg says the low trading multiples the company is experience are warranted citing the current challenges and the low visibility into the growth outlook.

FY 2017 EPS estimate falls from $5.33 to $4.59 and FY 2018 EPS estimate falls from $6.02 to $2.35.

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

Shares of Mylan closed at $30.44 yesterday.

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