Depomed (DEPO) Tops Q2 EPS by 2c

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DepoMed (DEPO) PT Bumped to $19 at Piper Jaffray, Remains Sidelined

August 4, 2016 7:29 AM EDT

Piper Jaffray analyst David Amsellem bumped his price target on DepoMed Inc (NASDAQ: DEPO) to $19.00 (from $18.00) but maintained a Neutral rating.

Amsellem commented, "Depomed reported 2Q16 diluted EPS of $0.27 on revenue of $117M, compared to Street estimates of $0.25 and $118M, respectively. Notably, DEPO... More