Sterne Agee Starts Actavis (ACT) at Buy

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National Alliance Securities Starts Actavis (ACT) at Buy

April 17, 2014 9:20 AM EDT

National Alliance Securities initiated coverage on Actavis (NYSE: ACT) with a Buy rating and a price target of $246.00.

Analyst Corey Davis said, "1) ACT is now off 16% from its all-time high of $227 in Feb.; 2) we model a healthy 22% EPS CAGR 13-18; 3) it carries... More