Roth Capital Raises Lannett Company Price Target On The Back Of FY1Q15 Results
Roth Capital analyst Scott Henry maintained a Buy rating on Lannett Company (NYSE:LCI) with a price target of $66, as the company reported FY1Q15 EPS results that were in-line with the company’s recent upward preannouncement.
Henry noted, “The main takeaway from the quarter, in our opinion, is higher revenue and EPS guidance for FY2015. We maintain our Buy rating with an increased price target of $66/share. We would be more aggressive on share price pullbacks post the recent run-up in share price.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Scott Henry has a total average return of 14.8% and a 55.2% success rate. Henry has a 44.3% average return when recommending LCI, and is ranked #266 out of 3358 analysts.