Assertio Holdings price target lowered to $3.50 from $7 at Roth MKM

Roth MKM lowered the firm’s price target on Assertio Holdings to $3.50 from $7 and keeps a Buy rating on the shares. The company’s Q3 results were “fundamentally below expectations”, with Indocin forecasts lowered due to competition from compounders and Rolvedon forecasts lowered due to inflated base and less reaction to J-Code, the analyst tells investors in a research note.