UPDATE: Morgan Stanley Reiterates On Perrigo Company Following Solid Analyst Day

In a report published Monday, Morgan Stanley analyst David Risinger reiterated an Overweight rating on Perrigo Company PRGO, but removed the $167.00 price target. In the report, Morgan Stanley noted, “Double-digit EPS growth looks durable. Perrigo hosted a comprehensive business review and outlook on Feb. 28...We were pleased that CEO Papa reiterated the company's commitment to long-term organic rev growth of 5-10% and EPS growth of 10-20%. And CFO Judy Brown characterized the Tysabri 50% royalty step-up after May 1 as a short-term booster.” Perrigo Company closed on Friday at $164.44.