Leerink Swann Starts Akorn (AKRX) at Outperform
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Price: $14.70 -0.88%
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Rating Summary:
4 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 24 | New: 24
Trade AKRX Now!
Leerink Swann initiates coverage on Akorn (NASDAQ: AKRX) with a Outperform rating and price target of $15.00.
"We believe R&D/infrastructure investments + pipeline opportunities will drive modest upward EPS revisions in 2013," said analyst Jason M. Gerberry.
Gerberry thinks the company will benefit from the ophthalmic segment with high barriers to entry, which he see as an important strategic asset in the consolidating environment.
He also thinks the industry wide shortages for acute care injectable drugs are likely to persist for at least another 2-3 yrs, with MEDACorp GPO specialists expecting pricing to increase 100-200 bps in that time frame.
For an analyst ratings summary and ratings history on Akorn click here. For more ratings news on Akorn click here.
Shares of Akorn closed at $12.70 yesterday, with a 52 week range of $7.10-$16.87.
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"We believe R&D/infrastructure investments + pipeline opportunities will drive modest upward EPS revisions in 2013," said analyst Jason M. Gerberry.
Gerberry thinks the company will benefit from the ophthalmic segment with high barriers to entry, which he see as an important strategic asset in the consolidating environment.
He also thinks the industry wide shortages for acute care injectable drugs are likely to persist for at least another 2-3 yrs, with MEDACorp GPO specialists expecting pricing to increase 100-200 bps in that time frame.
For an analyst ratings summary and ratings history on Akorn click here. For more ratings news on Akorn click here.
Shares of Akorn closed at $12.70 yesterday, with a 52 week range of $7.10-$16.87.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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