| 2016-12-22 11:50:13|
IPXL 11:50 12/22 12/22/16
Impax could have significant upside if sold, says Deutsche Bank
Deutsche Bank analysts said it would be natural for investors to be concerned about Impax's near-term results and outlook after the company's CEO change, but also "intrigued" by the potential for the company to explore its options. While maintaining a Hold rating on the stock and noting they are not suggesting the company is about to be sold, the firm also said a sum-of-the-parts analysis suggests minimal downside and significant upside potential if the company were to be sold. Using historical M&A comparisons, Deutsche said Impax could be valued in a wide range from $22 to $41 per share in a theoretical takeover deal.