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Stock impact report

Why Amphastar Pharmaceuticals (AMPH) Stock Is Nosediving [Yahoo! Finance]

Amphastar Pharmaceuticals, Inc. (AMPH) 
Last amphastar pharmaceuticals, inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.amphastar.com/investor-relations
Company Research Source: Yahoo! Finance
the firm's price target on the shares and reports highlighted significant challenges in the company's product portfolio. The analyst trimmed the price target to $30 from $31 while keeping a Neutral rating. Adding to the pressure, the company faced headwinds for its iron sucrose and glucagon products, with sales expected to be much lower than previously thought due to increased competition. For instance, iron sucrose sales were forecasted at around $5 million per quarter, and glucagon sales were anticipated to trend down. Consequently, the company's growth outlook was moderated from double-digit expectations to a range of high-single to low-double digits. This news followed a nearly 4% drop in the stock during the previous trading session, suggesting continued investor concern. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Amphastar Pharmaceuticals? Access our full analysis report here, i Show less Read more
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