Wells Fargo Maintains Overweight Rating for Charles River: Here's What You Need To Know

Wells Fargo has decided to maintain its Overweight rating of Charles River CRL and lower its price target from $390.00 to $325.00.

Shares of Charles River are trading down 7.96% over the last 24 hours, at $251.29 per share.

A move to $325.00 would account for a 29.33% increase from the current share price.

About Charles River

Charles River Laboratories was founded in 1947 and is a leading provider of drug discovery and development services. The company's research model & services segment is the leading provider of animal models for laboratory testing, which breeds and delivers animal research models with specific genetic characteristics for preclinical studies around the world. The discovery & safety assessment segment includes services required to take a drug through the early development process, including discovery services. The manufacturing support segment includes microbial solutions, which provides in vitro (non-animal) testing products, biologics testing services, and avian vaccine services.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.