Amphastar Pharma (AMPH) Tops Q1 EPS by 2c

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Amphastar Pharmaceuticals (AMPH) PT Lowered to $20 at Jefferies

May 9, 2017 9:50 AM EDT

Jefferies lowered its price target on Amphastar Pharmaceuticals (NASDAQ: AMPH) to $20.00 (from $21.00) while maintaining a Buy rating. 1Q EPS of $0.09 was ahead of consensus estimates on lower spending.

Management reported that the FDA recently completed pre-approval inspections for 5 of the 6 ANDAs... More