Truist raised the firm’s price target on ANI Pharmaceuticals (ANIP) to $90 from $77 and keeps a Hold rating on the shares. The company is poised for continued momentum driven by Cortrophin Gel heading into Q3, and following a record Q2 performance with $82M in sales for the product and a full-year guidance raise by 20%, the firm expects sustained growth, fueled by broader patient access and the ACTH market’s overall inflection, the analyst tells investors in a research note.
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- ANI Pharmaceuticals Completes Mandatory Conversion of Preferred Shares
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