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Fly News Breaks for March 13, 2018
AMPH
Mar 13, 2018 | 06:56 EDT
BMO Capital analyst Gary Nachman raised his price target on Amphastar to $19 from $17 after the company's Q4 earnings. Nachman says the gross margin pressure has been offset by lower spending, while the tax reform benefits drove an earnings beat. The analyst adds that while the company has recently demonstrated "solid execution" in securing approvals for its generic injectables pipeline, more meaningful ANDA will be needed to achieve this year's consensus. Nachman keeps his Market Perform rating on Amphastar.
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