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UPDATE: Jefferies Initiates Coverage On Amphastar Pharmaceuticals

In a note released Monday morning Jefferies analyst David Steinberg initiated coverage on Amphastar Pharmaceuticals (NASDAQ: AMPH) with a Buy rating and a $14 price target.

Steinberg wrote, "Unlike most of its competitors, Amphastar has the skills and technology to successfully tackle some of the most challenging generic opportunities - particularly those in the high value injectable and inhalation niches."

Steinberg noted that Amphastar is able to differentiate itself from "traditional" generic drug companies through its vertical integration and "heavy" investment in R&D, a feature he said has positioned the company "very well" in generic injectables and inhalation markets.

Despite the Jefferies note, shares of Amphastar are trading over four percent lower.

Latest Ratings for AMPH

DateFirmActionFromTo
Aug 2014JefferiesMaintainsBuy
Jul 2014JefferiesInitiates Coverage onBuy
Jul 2014Piper JaffrayInitiates Coverage onOverweight

View More Analyst Ratings for AMPH
View the Latest Analyst Ratings

Posted-In: David Steinberg JefferiesAnalyst Color News Price Target Initiation Analyst Ratings

 

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