Lannett Co Stock Rating Lowered by Needham & Company (LCI)
Lannett Co (AMEX:LCI) was downgraded by investment analysts at Needham & Company from a “buy” rating to a “hold” rating in a note issued to investors on Friday, AR Network reports.
Lannett Co (AMEX:LCI) traded down 13.95% during mid-day trading on Friday, hitting $18.01. 4,307,059 shares of the company’s stock traded hands. Lannett Co has a one year low of $3.93 and a one year high of $23.42. The stock’s 50-day moving average is $16.44 and its 200-day moving average is $12.96. The company has a market cap of $547.3 million and a price-to-earnings ratio of 45.50.
Other equities research analysts have also recently issued reports about the stock. Analysts at Roth Capital raised their price target on shares of Lannett Co (AMEX:LCI) from $15.00 to $18.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Lannett Co (AMEX:LCI) from $16.00 to $18.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Lannett Co (AMEX:LCI) in a research note to investors on Monday, September 9th. They set an “outperform” rating and a $20.00 price target on the stock.
Lannett Company, Inc is engaged in developing, manufacturing, marketing and distributing generic versions of branded pharmaceutical products.
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