JPMorgan upgraded Amneal Pharmaceuticals (AMRX) to Overweight from Neutral with a price target of $12, up from $9. The firm cites the Crexont launch being off to a solid start and continued momentum elsewhere across the company’s portfolio for the upgrade. JPMorgan sees Amneal’s generics business as increasingly well positioned, with a portfolio more levered towards complex products and biosimilars. It sees these supporting sustainable high-single-digit growth over the next several years. The Crexont launch is trending ahead of expectations, the analyst tells investors in a research note.
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