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UPDATE: Cowen and Company Downgrades Meridian Bioscience on Tough Road Ahead

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In a report published Tuesday, Cowen and Company analyst Shaun Rodriguez downgraded Meridian Bioscience (NASDAQ: VIVO) from Outperform to Market Perform, but reiterated the $21.00 price target.

In the report, Cowen and Company noted, “Reaching 2013 revenue guidance would require a FH2 growth acceleration which we view as unlikely. Earnings guidance still appears achievable, but this is not likely enough of an offset. Accordingly, we see the bias to the downside and downgrade to Market Perform (from Outperform) with a $21 PT.”

Meridian Bioscience closed on Monday at $22.86.

Latest Ratings for VIVO

DateFirmActionFromTo
May 2019MaintainsSellSell
May 2019UpgradesUnderweightNeutral
Apr 2019DowngradesHoldSell

View More Analyst Ratings for VIVO
View the Latest Analyst Ratings

Posted-In: Cowen and Company Shaun RodriguezAnalyst Color Downgrades Analyst Ratings

 

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