Akorn Shares Rally Following Increased Price Target
Shares of Akorn (NASDAQ: AKRX) were up nearly 10 percent Tuesday around $36.50 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' recent price increases in topical generics.
Shares are currently up 5.25 percent at $34.99.
Latest Ratings for AKRX
|Jun 2015||Raymond James||Initiates Coverage on||Outperform|
|Apr 2015||Piper Jaffray||Downgrades||Overweight||Neutral|
|Apr 2015||JP Morgan||Initiates Coverage on||Overweight|
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