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Amneal Pharmaceuticals initiated with a Buy at Goldman Sachs

Goldman Sachs analyst Matt Dellatorre initiated coverage of Amneal Pharmaceuticals (AMRX) with a Buy rating and $12 price target The firm expects continued momentum across the portfolio and sees upside to consensus estimates. Goldman sees Amneal’s generics segment remaining the key component and driver of EBITDA growth, driven by the company’s strong product pipeline, including biosimilar and sterile injectable launches.

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