UPDATE: Morgan Stanley Reiterates On Grifols SA Barcelona On Initial Analyst Day Review

In a report published Thursday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating on Grifols SA Barcelona GRFS, but removed the $48.00 price target. In the report, Morgan Stanley noted, “Our initial review of Grifols' analyst day (June 5-6) revealed few material developments in the story, though incremental updates on markets and financials are likely over the next two days. Plasma market fundamentals remain strong; in addition, key financial levers on M&A, tax, debt paydown, and cost combine to drive peer-leading EPS growth over the next several years.” Grifols SA Barcelona closed on Wednesday at $42.56.