Akorn Shares Rally Following Increased Price Target

Shares of Akorn, Inc. AKRX were up nearly 10 percent today around the 36.50 mark following the release of a Needham note in which the price target for the company was raised from $30 to $40. The note cited a "game changing" effect if Akorn matches Taro Pharmaceutical Industries' TARO recent price increases in topical generics.