ANI Pharmaceuticals price target raised to $83 from $81 at Raymond James

Raymond James analyst Gary Nachman raised the firm’s price target on ANI Pharmaceuticals to $83 from $81 and keeps an Outperform rating on the shares. ANI Pharmaceutials closed the acquisition of Alimera Sciences this week, and Raymond James sees good value from the deal, the analyst tells investors in a research note. The firm likes that the deal is expanding ANI’s Rare Disease franchise with Iluvien/Yutiq, and that stronger ophthalmology presence will also benefit Cortrophin and should accelerate its growth in that segment.