Akorn (AKRX) PT Lowered to $2 at RBC Capital

RBC Capital analyst Randall Stanicky lowered the price target on Akorn (NASDAQ: AKRX) to $2.00 (from $5.00) while maintaining a Sector Perform rating.

The analyst commented, "AKRX reported 4Q yesterday post-close (no call) which did little to quell uncertainty in the stock (down -77% since Oct). Results came in below Street with no commentary on 2020 outlook. That said, fundamentals have seemingly taken a backseat to the ongoing sale process and litigation which are likely to drive investor focus (and stock volatility) for the foreseeable future."

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