Akorn long-term fundamentals remain unchanged, says Leerink Leerink says Akron's long-term fundamentals remain unchanged following the company's FY13 guidance call. The firm thinks management met expectations on the top line, provided a reasonable explanation on margins and slightly disappointed on manufacturing capacity expansion. Leerink raised its price target for Akorn shares to $16 from $14-$15 and keeps an Outperform rating on the name.
News For AKRX From The Last 14 Days
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Akorn price target raised to $45 from $33 at Piper Jaffray Piper Jaffray raised its price target for Akorn shares to $45 citing the company's "strong" Q2 results and attractive long-term growth story. Piper reiterates an Overweight rating on the stock.