Amarin Corp Plc (AMRN) Posts Q1 Loss of 16c/Share; Updates on Ops

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Go back to Amarin Corp Plc (AMRN) Posts Q1 Loss of 16c/Share; Updates on Ops

Second-Half Vascepa Sales Growth Still in Focus for Amarin (AMRN); Aegis Maintains at 'Hold'

May 12, 2014 9:31 AM EDT

Aegis Capital maintains its Hold rating and $2 price target on Amarin Corp. (Nasdaq: AMRN) following Q1 results reported last week.

Analyst Ram Selvaraju Vascepa sales came in lighter than expected at $1.1 million, though R&D expenses of $11.7 million compared with the analysts... More

UPDATE: Citi Downgrades Amarin Corporation (AMRN) to Neutral

May 12, 2014 6:42 AM EDT

(Updated - May 12, 2014 10:07 AM EDT)

Citi downgraded Amarin Corporation (NASDAQ: AMRN) from Buy to Neutral with a price target of $1.75. Analyst Jonathan Eckard thinks shares will trade range-bound near-term.

"We are downgrading AMRN to Neutral from Buy, finding it harder to see when Vascepa sales could turn a corner to drive support back to the stock. Dragging sales... More