Market Overview

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Charles River Laboratories

Related CRL
Pharma Supplier Charles River Laboratories Has Leading Competitive Position, Raymond James Says In Upgrade
Benzinga's Top Upgrades, Downgrades For August 23, 2018

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Charles River Laboratories (NYSE: CRL), and raised its price target from $35.00 to $44.00.

Jefferies noted, “3Q results were better than expected, making the narrowed 2012 guidance more conservative. Getting $3 in 2013 EPS requires PCS to continue to outgrow the industry with improving margin. Incremental margin was attractive YoY, but negative sequentially. CRL needs RMS to perform better than in 3Q and share the load with PCS, not hand it off. The AZN deal should help. We raise our PT and 2013 estimates.”

Charles River Laboratories closed on Tuesday at $39.40.

Latest Ratings for CRL

Sep 2018Credit SuisseMaintainsNeutralNeutral
Sep 2018BairdMaintainsOutperformOutperform
Sep 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight

View More Analyst Ratings for CRL
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (CRL)

View Comments and Join the Discussion!
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Johnson Controls

Hill Int'l Wins Wins $14M Contract for Caltrans District 7