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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on West Pharmaceutical Services

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In a report published Monday, Jefferies & Company reiterated its Hold rating on West Pharmaceutical Services (NYSE: WST), and raised its price target from $45.00 to $49.00.

Jefferies noted, “WST continues to see progress in shifting customers to high value (and higher margin) packaging products. The company has also benefited from accelerated demand from clients, who are building inventory and launching new products. We expected that to moderate sooner than now, but still expect it to diminish in the future. We are raising EPS based on the recent performance, while maintaining future growth rates.”

West Pharmaceutical Services closed on Friday at $52.66.

Latest Ratings for WST

DateFirmActionFromTo
Mar 2016Wells FargoInitiates Coverage onOutperform
Jan 2016Janney CapitalInitiates Coverage onBuy
Feb 2015JefferiesMaintainsHold

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