In a report published Tuesday, Canaccord Genuity analyst Randall Stanicky raised the price target on Perrigo PRGO from $128 to $140, reaffirming its Buy status.
In the report, Canaccord Genuity observed, “While it feels like there has been more limited interest in the stock this year, we continue to see an attractive path into first time fiscal 2014 guidance in mid August. The combination of several near-term catalysts, a still undemanding valuation and reasonable hurdle to outlook leaves an attractive set-up near term. But we also see a building of attractive medium-term opportunities (2016-2017) that we think can bring a valuation premium back to the name.”
Perrigo closed on Monday at $124.23.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.