Longbow Reiterates Buy Rating On Sigma-Aldrich (SIAL)
In a report released today, Longbow Research reiterated their Buy rating on shares of Sigma Aldrich (NASDAQ: SIAL). The firm has a price target on the stock of $65.00. According to the report, management believes the company's organic revenue growth should approach 7-8% in normal economic conditions over the next five years. The analysts also argue that "given revenue and earnings potential in 2010 and beyond and the better than average visibility of said earnings, we continue to believe that SIAL stock remains undervalued at current levels."
During today's trading session, SIAL is flat at $54.90. Sigma-Aldrich Corporation is a life science and high technology company. It develops, manufactures, purchases and distributes a range of chemicals, biochemicals and equipment globally.
