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UPDATE: Jefferies & Company Reiterates Buy Rating, Raises PT on Life Technologies

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In a report published Friday, Jefferies & Company reiterated its Buy rating on Life Technologies (NASDAQ: LIFE), and raised its price target from $55.00 to $58.00.

Jefferies noted, “LIFE's 3Q12 EPS of $0.92 was $0.03 ahead of consensus on stronger profitability trends and a lower share count (+$0.01). We are raising our 2012 and 2013 EPS forecasts to $3.97 (from $3.90) and $4.20 (from $4.15), respectively, to account for the 3Q12 upside and the accretive effects of recent share repurchase activities.”

Life Technologies closed on Thursday at $50.27.

Latest Ratings for LIFE

DateFirmActionFromTo
Dec 2016JP MorganDowngradesOverweightNeutral
Aug 2016CitigroupMaintainsNeutral
Aug 2016JP MorganMaintainsOverweight

View More Analyst Ratings for LIFE
View the Latest Analyst Ratings

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

 

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