Jefferies boosts Amarin target to $15, sees ‘meaningful potential’ for buyout

Jefferies analyst Roger Song raised his price target for Amarin to $15 saying the 25% MACE reduction in the REDUCE-IT “clearly gives” the company an opportunity to grow sales to $2B-$3B. His model now assumes peak adjusted sales of $3B and he keeps a Buy rating on Amarin. Song thinks the shares “have room to climb higher” after yesterday’s 300% rally. The analyst also sees “meaningful potential” for a takeover event since Amarin is now “significantly de-risked.”
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