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SWK Holdings price target lowered to $18 from $21 at Maxim

Maxim lowered the firm’s price target on SWK Holdings (SWKH) to $18 from $21 and keeps a Buy rating on the shares. The tangible book value on the stock is down after the company’s sale of its pharma royalty portfolio and the payout of its $4 per share special dividend, the analyst tells investors in a research note.

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