Aegis Capital Reiterates Buy Rating, $35 PT on Amarin Corporation on FY2012 Financial Results
Dwight Einhorn, Benzinga Staff Writer
March 01, 2013
In a report published Friday, Aegis Capital reiterated its Buy rating and $35.00 price target on Amarin Corporation (NASDAQ: AMRN [FREE Stock Trend Analysis]).
Aegis Capital noted, “Yesterday afternoon, Amarin released 4Q and FY2012 financial results. The firm reported a net loss of $0.07 per share for 4Q 2012 and a net loss of $1.24 per share for FY 2012, vs. our estimate of a net loss of $0.30 per share for 4Q 2012 and a net loss of $1.51 per share for the full year. The improved bottom line was driven primarily by a higher-than-expected gain on change in fair value of derivative liability