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Stock Market & Financial Investment News

News Breaks
July 17, 2014
08:56 EDTLCILannett decline on Connecticut probe seems overdone, says Roth Capital
After Lannett fell 17% following the disclosure that it had received subpoenas from Connecticut regarding the pricing of digoxin, Roth Capital does not expect the state to take any further action against the company. The firm does not believe that there has been any collusion on digoxin prices. It keeps a $45 price target and Buy rating on the shares.
News For LCI From The Last 14 Days
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August 26, 2015
08:44 EDTLCILannett steady execution offers compelling upside, says Susquehanna
Susquehanna noted Lannett delivered solid Q2 results and outlook and believes its stock price is undervaluing the upside potential from new products and business development. The firm also sees the potential for multiple expansion if volume trends remain steady. Susquehanna reiterated its Positive rating but lowered its price target to $70 from $75 on Lannett shares.
August 25, 2015
16:08 EDTLCILannett sees FY16 CapEx $60M-$70M
Which includes $30M to continue the partial fit-out of company-owned buildings. Sees FY16 gross margin as a percentage of net sales of approximately 71%-73%; R&D expense in the range of $33M-$35M; SG&A expense ranging from $57M-$59M, which includes approximately $5M in acquisition-related expenses; The full year effective tax rate to be in the range of 34%-35%.
16:06 EDTLCILannett sees FY16 revenue $425M-$435M, consensus $433.55M
16:05 EDTLCILannett reports Q4 EPS 91c, consensus 86c
Reports Q4 revenue $99.3M, consensus $97.62M.
August 18, 2015
07:59 EDTLCILannett subsidiary receives approval for Aripiprazole Oral Solution
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