Unilife Realigns Business Units and Leadership Team

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Piper Jaffray Downgrades Unilife Corporation (UNIS) to Neutral

March 15, 2016 6:35 AM EDT

Piper Jaffray downgraded Unilife Corporation (NASDAQ: UNIS) from Overweight to Neutral with a price target of $1.00 (from $5.00), saying changing senior management reduces visibility.

Analyst Charles Duncan commented, "On Monday Unilife announced CEO Alan Shortall and President and COO Dr. Ramin Mojdeh have stepped down, effective... More