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UPDATE: Morgan Stanley Reiterates On Perrigo Company Following Solid Analyst Day

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Perrigo (PRGO) Buys Scar Management Brand from Enaltus (Zacks)

In a report published Monday, Morgan Stanley analyst David Risinger reiterated an Overweight rating on Perrigo Company (NYSE: PRGO), but removed the $167.00 price target.

In the report, Morgan Stanley noted, “Double-digit EPS growth looks durable. Perrigo hosted a comprehensive business review and outlook on Feb. 28...We were pleased that CEO Papa reiterated the company's commitment to long-term organic rev growth of 5-10% and EPS growth of 10-20%. And CFO Judy Brown characterized the Tysabri 50% royalty step-up after May 1 as a short-term booster.”

Perrigo Company closed on Friday at $164.44.

Latest Ratings for PRGO

DateFirmActionFromTo
Jun 2015BMO CapitalInitiates Coverage onOutperform
Jun 2015BTIG ResearchInitiates Coverage onBuy
Jun 2015Raymond JamesInitiates Coverage onMarket Perform

View More Analyst Ratings for PRGO
View the Latest Analyst Ratings

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