UPDATE: Jefferies Reiterates Buy Rating, Raises PT on Catamaran Corp. on Bullish Outlook

by Dwight Einhorn, Benzinga Staff Writer

August 8, 2013 10:17 AM | 1 min read | Make a Comment

In a report published Thursday, Jefferies analyst Brian Tanquilut reiterated a Buy rating on

Catamaran Corp.CTRX, and raised the price target from $65.00 to $70.00. In the report, Jefferies noted, “We have a bullish view on CTRX, especially now that all the overhangs on the name have been addressed and the company's robust LT growth outlook has been re-emphasized. With CTRX continuing to win new business, pursue accretive acquisitions, and realize margin expansion opportunities, we believe the stock is well-positioned to steadily appreciate to ~$70 over the next year.” Catamaran Corp. closed on Wednesday at $57.87.

Market News and Data brought to you by Benzinga APIs

Posted In: Analyst Color Price Target Analyst Ratings Brian Tanquilut Jefferies

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!