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Fly News Breaks for March 23, 2016
AKRX
Mar 23, 2016 | 06:54 EDT
Piper Jaffray analyst David Amsellem reiterates a Neutral rating on shares of Akorn after the company reported unaudited 2015 results. It is prudent to remain on the sidelines until management can execute on audited financials and eliminate the risk of a delisting, Amsellem tells investors in a research note. The underlying business "is certainly not the issue here," the analyst writes. He suspended his price target for the shares.
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