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Fly News Breaks for August 9, 2018
AMPH
Aug 9, 2018 | 10:41 EDT
Wells Fargo analyst David Maris noted that Amphastar reported Q2 revenues that topped his estimate, but adjusted EPS that missed his and the consensus view. However, he does not view the miss as meaningful, as the lower than expected EPS was mainly due to spending on the pipeline and he believes Amphastar "shares are not about the current, but about the future." Maris, who thinks Amphastar could become a "much larger company" depending on key approvals over the next several years, keeps an Outperform rating on the shares with a price target of $26.
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