Market Overview

UPDATE: Canaccord Genuity Initiates Coverage on Lannett Company with Buy Rating, $7 PT

Related LCI
Lannett to Be Added to S&P Small Cap 600 Index
Earnings Scheduled For May 7, 2014

In a report published Friday, Canaccord Genuity initiated coverage on Lannett Company (NYSE: LCI) with a Buy rating and $7.00 price target.

Canaccord Genuity noted, “We are initiating coverage on Lannett Company (LCI) with a BUY-rating and $7 price target. We see an attractive 3- to 5-year growth story (36% EPS CAGR through 2017E) underpinned by LCI's vertically integrated pain management franchise (narcotics, controlled substances) that is differentiated and high barrier, as well as a robust pipeline with several large product opportunities that can drive P&L upside. LCI's fiscal 1Q results last night provided a solid start to the year and added confidence to fiscal 2013 guidance.”

Lannett Company closed on Thursday at $4.00.

Posted-In: Canaccord GenuityAnalyst Color Initiation Analyst Ratings


Most Popular

Related Articles (LCI)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free