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Fly News Breaks for March 8, 2017
IPXL
Mar 8, 2017 | 05:38 EDT
Deutsche Bank analyst Gregg Gilbert upgraded Impax Laboratories to Buy after Reuters yesterday reported the company hired an investment bank to explore strategic options. Patient investors could be rewarded if business trends improve or if strategic options, such as a sale, are pursued, Gilbert tells investors in a research note. The analyst likes the stock setup and notes his $11 price target is based on standalone assumptions. Impax closed yesterday up 8%, or 70c, to $9.10.
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