Jefferies Reiterates Buy on Endo Pharmaceuticals (ENDP) on Restructuring News

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Endo Pharmaceuticals (ENDP) New CEO Is the Real Deal - Jefferies

June 7, 2013 11:02 AM EDT

Jefferies reiterated a Buy rating and boosted its price target on Endo Pharmaceuticals Holdings Inc (NASDAQ: ENDP) from $37 to $45 after CEO Rajiv DeSilva made his 1st public appearance at Jefferies conference Thursday.

Corey Davis comments, "Despite... More

Leerink Swann Upgrades Endo Pharma (ENDP) to Outperform

June 6, 2013 7:54 AM EDT

Leerink Swann upgraded Endo Pharmaceuticals Holdings Inc (NASDAQ: ENDP) from Market Perform to Outperform with a modified price target of $48 (from $37). Analyst Michael Schmidt said he thinks guidance is now achievable since expectations have come down.

"We believe ENDP's new 2013 adjusted EPS... More

Cantor Fitzgerald Cuts Endo Pharma (ENDP) to Sell; Not Optimistic Restructuring

June 6, 2013 7:14 AM EDT

Cantor Fitzgerald downgraded Endo Pharmaceuticals Holdings Inc (NASDAQ: ENDP) from Hold to Sell with a price target of $30.00 (from $36.00). Analyst Irina Rivkind is not optimistic about the company's restructuring plans.

"We don't think that a series of small deals, cost-cutting, and improved... More

Endo Health (ENDP) Acnnounces Cost Reductions; Will Trim Workforce 15%

June 5, 2013 4:17 PM EDT

Endo Health Solutions (Nasdaq: ENDP) today outlined the strategic, operational and organizational steps it is taking to refocus the Company and drive shareholder value. These actions are the result of a comprehensive assessment of Endo's strengths and challenges, its cost structure and execution capabilities, and its most promising opportunities to drive future cash flow and earnings growth. Specifically, the Company announced plans to:

* Reduce annual operating expenses by $325 million
* Explore strategic alternatives for its HealthTronics business and branded pharmaceutical discovery platform
* Improve R&D efficiency and effectiveness, with a focus on development... More