Cipher Pharmaceuticals Inc (TSE:CPH) (NASDAQ:CPHR) had its price target cut by investment analysts at TD Securities from C$6.50 to C$5.00 in a report released on Tuesday. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential upside of 11.11% from the stock’s previous close.

Separately, Bloom Burton lowered shares of Cipher Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Monday, August 14th.

Shares of Cipher Pharmaceuticals (TSE CPH) traded down C$0.14 during midday trading on Tuesday, reaching C$4.50. 12,360 shares of the company traded hands, compared to its average volume of 10,046. Cipher Pharmaceuticals has a fifty-two week low of C$3.50 and a fifty-two week high of C$5.75.

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Cipher Pharmaceuticals Company Profile

Cipher Pharmaceuticals Inc, together with its subsidiaries, operates as a specialty pharmaceutical dermatology company in South America, Canada, and the United States. It offers CIP-ISOTRETINOIN, a formulation of the active ingredient isotretinoin for use in the treatment of severe acne; CIP-FENOFIBRATE, a formulation of the active ingredient fenofibrate used for the treatment of hyperlipidemia, a cholesterol disorder; and CIP-TRAMADOL ER, a formulation of the active ingredient tramadol for the management of moderate to moderately severe pain.

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