Endo Int'l (ENDP): Increasing Spend to Fund Underperforming Brands - Leerink

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Piper Jaffray Remains Sidelined on Endo Int'l (ENDP) Following 2Q Beat

August 9, 2016 8:59 AM EDT

Piper Jaffray reiterated a Neutral rating on Endo International plc (NASDAQ: ENDP), and raised the price target to $19.00 (from $18.00), following the company's 2Q earnings report. ENDP reported non-GAAP diluted EPS of $0.86 on revenue of $921M, compared to Street estimates of $0.74 and $864M, respectively.

Analyst David Amsellem commented, "Endo reported 2Q16... More