Janney Montgomery Scott Defends DepoMed (DEPO) Amid Downgrade-Related Weakness

Go back to Janney Montgomery Scott Defends DepoMed (DEPO) Amid Downgrade-Related Weakness

UBS Downgrades DepoMed Inc (DEPO) to Neutral

July 7, 2016 7:23 AM EDT

UBS downgraded DepoMed Inc (NASDAQ: DEPO) from Buy to Neutral with a price target of $20.00.

Analyst Ami Fadia cited:

(1) We see risk to mgt's 2016 sales guidance of $490-520M and consensus of $495M as the base business has underperformed our... More