ANI Pharmaceuticals (ANIP): Cantor Fitzgerald analyst Brandon Folkes...

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ANI Pharmaceuticals (ANIP)

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Re: pcinsurto post# 11183

Thursday, 05/07/2020 1:43:36 PM

Thursday, May 07, 2020 1:43:36 PM

Cantor Fitzgerald analyst Brandon Folkes downgraded ANI Pharmaceuticals to Neutral from Overweight with a price target of $40, down from $78. The analyst sees uncertainty around the strategy that a new permanent CEO will bring. This, along with the recent FDA refuse to file letter of Cortrophin Gel, and the uncertainty that COVID-19 has placed on all company base businesses, warrants a cautious approach pending more visibility, Folkes tells investors in a research note.
-RG

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