Health Care Sector Update for 09/12/2019: MNK, TTOO
Top Health Care Stocks:
Health care giants were mixed pre-bell Thursday.
Early movers include:
(+) Mallinckrodt ( MNK ), which is edging higher despite slumping Wednesday after S&P Global Ratings slashed its rating on the company to CCC from B+ due to heightened risk of a distressed exchange over the next year, prior to any large settlement of opioid claims, and with negative outlook.
(-) T2 Biosystems ( TTOO ), which was over 4% lower pre-bell despite Janney lifting the company’s rating from buy from neutral, and changing the company’s fair value estimate to $6 from $2 on HHS grant and a new credit agreement.
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