Amphastar price target lowered to $30 from $34 at Wells Fargo

Wells Fargo lowered the firm’s price target on Amphastar (AMPH) to $30 from $34 and keeps an Overweight rating on the shares. The firm thinks shares are weak on the revenue guidance, which was revised downward despite successfully getting AMP-015 and AMP-007 approved. Going forward, ‘007 will be important to meet mid vs high single digit revenue growth, Wells adds.