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Lantheus price target lowered to $73 from $112 at Citizens JMP

Citizens JMP lowered the firm’s price target on Lantheus (LNTH) to $73 from $112 and keeps an Outperform rating on the shares following the Q2 report. The firm attributes the Q2 miss and guidance cut to the impact of competitor Blue Earth’s pricing strategy taking a bigger toll on Pylarify’s business. Despite this, domestic volumes still grew 2% year-over-year, the analyst tells investors in a research note. Citizens remains encouraged about Lantheus’ royalty opportunities including Flyrcado and Pylclari.

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