Guggenheim analyst Vamil Divan raised the firm’s price target on ANI Pharmaceuticals (ANIP) to $114 from $86 and keeps a Buy rating on the shares after the company reported “very impressive” Q2 earnings last month. The firm continues to see ANI Pharmaceuticals as “uniquely positioned” to deliver fundamental upside driven by the firm’s strengthened bullish view on Cortrophin Gel, while also being “relatively immune” to many of the macro uncertainties that are impacting the broader biopharma segment, the analyst tells investors.
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