UPDATE: Jefferies Downgrades Elan Corp on PRGO Takeout
July 29, 2013 at 17:16 PM EDT
In a report published on Monday, Jefferies analyst Oren G. Livnat downgraded Elan Corp (NYSE: ELN ) from Buy to Hold and lowered the price target on the company from $19 to $15. In the report, Jefferies stated, "LN agreed to be acquired by Perrigo for ~$8.6B or $16.50/shr
