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Jefferies is out with its report today on Amarin Corp.
AMRN, maintaining Buy.
In a note to clients, Jefferies writes, "We believe AMR101 offers robust efficacy for hyperlipidemia, lowering triglycerides without raising cholesterol like Lovaza. With a cleaner profile and potentially a broader label, we believe AMR101 could realize a multibillion-dollar opportunity. We reach our 12-month price target price of $12/share based on a sum-of-the-parts DCF analysis (AMR101 $11 + cash $1)."
Shares of AMRN closed yesterday at $8.42, down 2.09% from Tuesday's close.
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