UPDATE: Piper Jaffray Upgraded MWI Veterinary Supply From Neutral To Overweight; Raised PT $188

by Paul Quintaro, Benzinga Editor
February 7, 2014 8:54 AM | 23 seconds read | Make a Comment
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In a research note published Firday, Piper Jaffray upgraded MWI Veterinary Supply
MWI
from Neutral to Overweight and its price target was raised from $169 to $188. Analyst Kevin Ellich issued his upgrade noting:
  1. The IVESCO acquisition will drive upside to Street estimates and guidance;
  2. New medications and products will be launched in 2014; and
  3. The 8% pullback in the stock following FQ1earnings is overdone.
Shares of MWI closed at $163.61
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