InvestorsHub Logo
Followers 48
Posts 5518
Boards Moderated 0
Alias Born 09/04/2009

Re: None

Tuesday, 01/10/2023 2:57:48 PM

Tuesday, January 10, 2023 2:57:48 PM

Post# of 425930
Jefferies analyst Michael Yee upgraded Amarin to Buy from Hold with a price target of $3, up from $1.30. The shares are trading at a $200M enterprise value, or less than one-times peak European sales, and has some "strategic M&A optionality," a large activist investor working to drive change, and the company is not really burning cash anymore after cutting spending in 2022, Yee tells investors in a research note. In addition, Amarin's U.S. erosion has stabilized three quarters in a row, says the analyst. He also believes Amarin has been getting some good European pricing agreements. Yee calls the company "an intriguing small cap value play."
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMRN News