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Amarin Corporation Plc (AMRN) [hlAlert]

Rating:
Neutral AMRN

Amarin Corporation Plc (AMRN) downgraded to Neutral by Citigroup

Posted on: Friday,  Oct 18, 2013  8:25 AM ET by Citigroup

Citigroup rated Neutral Amarin Corporation Plc (NASDAQ: AMRN) on 10/18/2013. Previously Citigroup rated Buy Amarin Corporation
Plc (NASDAQ: AMRN) on 11/27/2012., when the stock price was $12.20. Since then, Amarin Corporation Plc has lost 83.77% of its value until Citigroup rated AMRN Buy on 10/18/2013, when the price was $1.98. .

Amarin Corporation plc (Amarin) is a late-stage biopharmaceutical company with a focus on cardiovascular disease. Amarin has a range of clinical and preclinical stage compounds to treat central nervous system (CNS) disorders, including Huntington?s disease, myasthenia gravis and Parkinson?s disease. Its cardiovascular programs and non-core CNS programs include AMR101, EN101, Sublingual Apomorphine and AMR 103. The Company's subsidiaries include Amarin Neuroscience Limited, Amarin Pharmaceuticals Ireland Limited, Amarin Pharma Inc, Amarin Finance Limited and Ester Neurosciences Limited.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/8/2013 8:25 AM Buy
None
1.57 2.50
as of 12/13/2013
1 Week down  -2.25 %
1 Month up  12.33 %
3 Months down  -59.81 %
1 YTD down  -65.33 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/18/2013 8:25 AM Hold
None
1.98
11/27/2012 8:25 AM Buy
None
12.20

(*) Stock Price at the time of the recommendation.
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