Amphastar price target lowered to $32 from $36 at Piper Sandler

Piper Sandler analyst David Amsellem lowered the firm’s price target on Amphastar (AMPH) to $32 from $36 and keeps a Neutral rating on the shares. Though the firm could envision becoming more constructive to the extent that it sees key generic pipeline opportunities bear fruit, Piper nonetheless “cannot gloss over competitive challenges that are likely to pressure the top-line/EBITDA this year.”