Amphastar Pharmaceuticals (AMPH) PT Lowered to $20 at Jefferies
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Price: $18.33 -2.55%
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
2 Buy, 9 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Jefferies lowered its price target on Amphastar Pharmaceuticals (NASDAQ: AMPH) to $20.00 (from $21.00) while maintaining a Buy rating. 1Q EPS of $0.09 was ahead of consensus estimates on lower spending.
Management reported that the FDA recently completed pre-approval inspections for 5 of the 6 ANDA’s on file and noted that 4 ANDAs have 2017 GDUFA dates while one product is a pre-GDUFA ANDA.
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