Company News: AMRN, MRVL, PZZA, CYH, HTWR, C, BMC, GS, CVLT, GNK, GPS

Amarin’s (NASDAQ:AMRN) share prices sky rocketed 95% after promising results from a new cholesterol drug led to speculation that the company could soon be a takeover target for Big Pharma

• Share prices of Marvell (NASDAQ:MRVL) dropped 4.57% after Susquehanna downgraded the stock to “Neutral” from “Positive” and slashed the target price to $17 from $23

• Late on Friday, pizza chain Papa John’s International Inc. (NASDAQ:PZZA), said its co-CEO had resigned from the company

• Shares of hospital operator Community Health Systems (NYSE:CYH) fell after the company disclosed it has received a subpoena from a federal agency

• Share prices of HeartWare International Inc. (NASDQ:HTWR) fell 13.12% to close at $72.90 after a report said that the company’s heart-assist device was associated with a high rate of blood clots in a clinical trial

• Citigroup (NYSE:C) analysts downgraded shares of BMC Software, Inc. (NYSE:BMC) to “Hold” from “Buy” rating with a target price of $52.00 on the stock

• Goldman Sachs (NYSE:GS) downgraded shares of Commvault Systems (NASDAQ:CVLT) to “Sell” from “Neutral” rating with a target price of $32.00 citing the move as valuation call

• Analysts at Citigroup (NYSE:C) downgraded Genco Shipping & Trading Ltd (NYSE:GNK) to “Sell” from “Hold” rating and reduced the target price to $8.00 from $13.00

• Bank of America Merrill Lynch downgraded Gap Inc. (NYSE:GPS) to “Neutral” from “Buy” rating with a target price of $23.00.

GAP INC (GPS): Free Stock Analysis Report

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