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AKRX

Akorn

$7.49

0.11 (1.49%)

17:24
11/06/18
11/06
17:24
11/06/18
17:24

Akorn attributes revenue decline to competition on key products

Akorn said, "Revenues declined predominantly due to the effect of competition on key products such as Ephedrine Sulfate Injection, Lidocaine Ointment, Methylene Blue Injection and Nembutal; In the third quarter of 2018, the decrease in revenues due to pricing was approximately 3% compared to the same period in 2017, the lowest drop in the trailing six quarters."

AKRX Akorn
$7.49

0.11 (1.49%)

10/17/18
10/17/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Infosys (INFY) upgraded to Market Perform from Underperform at William Blair WITH analyst Maggie Nolan citing Q2 results. 2. American Airlines (AAL), Delta Air Lines (DAL), and United Continental (UAL) upgraded to Buy from Hold at Deutsche Bank. 3. Akorn (AKRX) upgraded to Overweight from Neutral at Piper Jaffray with analyst David Amsellem saying based on trends associated with a number of its notable products, as well as his recent conversation with management, he believes a picture of sustainable EBITDA is emerging at Akorn that is better than what he had previously envisioned. 4. Workday (WDAY) upgraded to Outperform from Market Perform at Bernstein with analyst Mark Moerdler saying he determined that even if the ERP market moves reasonably slowly to the Cloud, it is large enough and the fact there are only a few vendors with a competitive SaaS solution should allow Workday to continue to gain share. 5. Domino's Pizza (DPZ) upgraded to Buy from Hold at Maxim with analyst Stephen Anderson saying the pullback in the stock price is overdone and expects accelerated cost savings and solid comps to yield higher earnings, raising his FY20 EPS view to $12.01 from $11.72. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/17/18
PIPR
10/17/18
UPGRADE
Target $9
PIPR
Overweight
Akorn upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray analyst David Amsellem upgraded Akorn (AKRX) to Overweight and raised his price target for the shares to $9 from $5. After taking a closer look at the company's base generics business in the wake of the lower court decision that sided with Fresenius (FSNUY) in its efforts to terminate its merger with Akorn, Amsellem believes annual EBITDA of no worse than $125M-$135M starting in 2019 is realistic. The analyst says that based on trends associated with a number of its notable products, as well as his recent conversation with management, he believes a picture of sustainable EBITDA is emerging at Akorn that is better than what he had previously envisioned. Assuming Akorn loses its appeal, management "strongly suggested" that it address its cost structure, Amsellem tells investors in a research note.
10/04/18
10/04/18
UPGRADE
Target $11

Buy
Akorn upgraded to Buy after 'overreaction' to court rule at Craig-Hallum
As previously reported, Craig-Hallum analyst Matt Hewitt upgraded Akorn (AKRX) to Buy from Hold saying that while the ruling in favor of Fresenius (FMS) by the Deleware Court of Chancery was a major disappointment for investors, the 50%-plus drop in Akorn's stock price these past few days is unwarranted and values the company well below what it is worth on a standalone basis. The analyst also lowered his price target for Akorn's shares to $11 from $14.
10/04/18
CHLM
10/04/18
UPGRADE
Target $11
CHLM
Buy
Akorn upgraded to Buy from Hold at Craig-Hallum

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WORX

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ARNC

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ICPT

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CNMD

Conmed

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0.73 (1.03%)

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ACB

Aurora Cannabis

$7.04

-0.05 (-0.71%)

, TLRY

Tilray

$76.46

-0.2 (-0.26%)

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07:23
Recommendations
Aurora Cannabis, Tilray, CV Sciences, Cronos Group, General Cannabis, CannTrust Holdings, Aphria, MediPharm Labs, Canopy Growth, India Globalization Capital analyst commentary  »

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ACB

Aurora Cannabis

$7.04

-0.05 (-0.71%)

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Tilray

$76.46

-0.2 (-0.26%)

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$0.00

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Cronos Group

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CNTTF

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APHA

Aphria

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MLCPF

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$0.00

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$47.54

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IGC

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$0.00

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ICPT

Intercept

$110.77

-0.42 (-0.38%)

07:22
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Breaking Hot Stocks news story on Intercept »

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  • 18

    May

ICPT

Intercept

$110.77

-0.42 (-0.38%)

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NBLX

Noble Midstream

$32.09

-0.04 (-0.12%)

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  • 19

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FCAU

Fiat Chrysler

$14.75

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XPO

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$52.01

-7.535 (-12.65%)

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$52.01

-7.535 (-12.65%)

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CTB

Cooper Tire

$34.04

0.66 (1.98%)

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CTB

Cooper Tire

$34.04

0.66 (1.98%)

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  • 14

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XPO

XPO Logistics

$52.01

-7.535 (-12.65%)

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  • 20

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OPTN

Optinose

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0.23 (3.21%)

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SXT

Sensient

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CRSP

Crispr Therapeutics

$31.62

0.65 (2.10%)

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CEVA

Ceva

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PLUG

Plug Power

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CTB

Cooper Tire

$34.04

0.66 (1.98%)

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Earnings
Cooper Tire reports Q4 EPS ex-items 66c, consensus 58c »

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  • 14

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ARAV

Aravive

$4.95

0.2 (4.21%)

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