Canaccord Genuity upgraded Perrigo Company PRGO from Hold to Buy and raised the price target from $125.00 to $128.00.
Canaccord Genuity noted, "The set-up benefits from a combination of (1) anticipated earnings upside that we still think the Street is discounting; (2) a solid catalyst path, which we didn't have in H2/12; (3) the lowest valuation since 2010, which has historically been the biggest hurdle to own; and (4) generally negative Street sentiment, with over half of Street ratings the equivalent of a Hold or Sell. We're raising our EPS estimates through 2016 and increasing our target to $128."
Perrigo Company closed at $105.28 on Friday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in