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Lannett Company (NYSE:LCI) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.

Lannett Company (NYSE:LCI) traded down 9.12% on Tuesday, hitting $36.716. The stock had a trading volume of 819,680 shares. Lannett Company has a 52 week low of $12.39 and a 52 week high of $51.659. The stock has a 50-day moving average of $40.24 and a 200-day moving average of $39.85. The company has a market cap of $1.306 billion and a P/E ratio of 36.33.

Separately, analysts at Oppenheimer raised their price target on shares of Lannett Company from $49.00 to $52.00 in a research note on Tuesday, July 15th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Lannett Company currently has a consensus rating of “Buy” and an average target price of $47.00.

Lannett Company, Inc is engaged in developing, manufacturing, marketing and distributing generic versions of branded pharmaceutical products.

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