Akorn Provides Third Quarter 2018 Results

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Akorn (AKRX) PT Lowered to $9 at RBC Capital

November 7, 2018 6:59 AM EST

RBC Capital analyst Randall Stanicky lowered the price target on Akorn (NASDAQ: AKRX) to $9.00 (from $10.00) while maintaining a Sector Perform rating following results.

Stanicky notes Q3 results were below expectations in its first "earnings" since the deal. The firm lowers EBITDA but near-term focus remains on 12/5 appeal hearing.

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