Market Overview

UPDATE: BMO Capital Markets Reiterates Market Perform Rating, Lowers PT on C.R. Bard

Share:
Related BCR
Simons-Founded Renaissance Technologies Buys Apple, Closes Facebook, Trims McDonald's In Q4
JMP Securities Covers Mostly Good News From Pharma Pending More Visibility
Medtronic Inc. (MDT) Dividend Stock Analysis (GuruFocus)

In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on C.R. Bard (NYSE: BCR), but lowered its price target from $102.00 to $99.00.

BMO Capital Markets noted, “Management is embarking on an impressive strategic plan, which should bear fruit over time. Near term, we believe the 2013 EPS guidance will disappoint, the level of investment ramp will seem daunting, and investment ahead of an actual win will be questioned. Should this be pulled off, BCR may once again be a high-quality revenue and EPS growth company, and we commend management in taking the difficult first step.”

C.R. Bard closed on Thursday at $102.07.

Latest Ratings for BCR

DateFirmActionFromTo
Jan 2015BarclaysMaintainsEqual-weight
Jan 2015JMP SecuritiesMaintainsMarket Outperform
Jan 2015JefferiesMaintainsHold

View More Analyst Ratings for BCR
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (BCR)

Around the Web, We're Loving...

Get Benzinga's Newsletters