Morgan Joseph Starts Pernix Therapeutics (PTX) at Buy; Profitability and Sustainable Cash Flows
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Price: $0.21 --0%
Rating Summary:
4 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Morgan Joseph initiates coverage on Pernix Therapeutics (NYSE: PTX) with a Buy. PT $28.
Morgan analyst says, "Pernix has been reliably profitable since its debut as a publicly-traded entity, and we believe sales are likely to grow significantly during allergy season. We are forecasting net income of $7.4mm in 2011, growing to $22.3mm in 2012."
For more ratings news on Pernix Therapeutics click here and for the rating history of Pernix Therapeutics click here.
Shares of Pernix Therapeutics closed at $8.30 yesterday.
Morgan analyst says, "Pernix has been reliably profitable since its debut as a publicly-traded entity, and we believe sales are likely to grow significantly during allergy season. We are forecasting net income of $7.4mm in 2011, growing to $22.3mm in 2012."
For more ratings news on Pernix Therapeutics click here and for the rating history of Pernix Therapeutics click here.
Shares of Pernix Therapeutics closed at $8.30 yesterday.
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