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

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In a report published Thursday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating on Grifols SA Barcelona (NASDAQ: 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.

Latest Ratings for GRFS

DateFirmActionFromTo
Feb 2019BerenbergDowngradesBuyHold
Jan 2019Morgan StanleyMaintainsUnderweightUnderweight
Oct 2018Morgan StanleyMaintainsUnderweightUnderweight

View More Analyst Ratings for GRFS
View the Latest Analyst Ratings

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