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UPDATE: Jefferies Raises PT on WuXi PharmaTech Following Raised 2013 EPS Guidance

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In a report published Tuesday, Jefferies analyst David Windley reiterated a Buy rating on WuXi PharmaTech (NYSE: WX), and raised the price target from $24.00 to $28.00.

In the report, Jefferies noted, “Management signaled its forward optimism by raising its guidance mid-point by $0.06-0.07 more than the 2Q13 upside. Headline results for 2Q were well ahead of consensus, and slightly better than us on revenue, GM, and EPS (even ex-FX gains and 1x tax benefits). WX remains one of the more consistent CRO performers. It is also the cheapest of the CROs despite its favorable growth outlook. PT to $28.”

WuXi PharmaTech closed on Monday at $23.76.

Latest Ratings for WX

DateFirmActionFromTo
Oct 2015DowngradesOverweightEqual-Weight
Mar 2015DowngradesBuyNeutral
Nov 2014DowngradesBuyHold

View More Analyst Ratings for WX
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Posted-In: David Windley JefferiesAnalyst Color Price Target Analyst Ratings

 

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