Lifshitz & Miller Law Firm Announces Investigation of Aerojet Rocketdyne Holdings, Inc., Brixmor Property Group, Inc., Cardiovascular Systems, Inc., DeVry Education Group Inc., Freeport-McMoRan In

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Piper Jaffray Cuts Price Target as Insys Therapeutics' (INSY) Guides to a Decline in Subsys Sales

February 24, 2016 10:20 AM EST

Piper Jaffray maintained an Overweight rating on INSYS Therapeutics (NASDAQ: INSY), and cut the price target to $46.00 (from $49.00), following the company's 4Q earnings report. Insys reported adjusted diluted EPS of $0.36 on revenues of $91M, in-line with Street estimates. INSY is guiding to a sequential decline in Subsys sales in 1Q16, driven in significant part by the company no longer contracting with OptumRx. This is... More