UPDATE: Mizuho Securities Initiates Coverage On VWR On Multiple Positive Factors

In a report published Tuesday, Mizuho Securities analyst Peter Lawson initiated coverage on

with a Buy rating and $27.00 price target. In the report, Mizuho Securities noted, “We are initiating coverage of shares of VWR Corp (VWR) with a Buy rating and a 12-month price target of $27. VWR is a leading distributor of life science products. Key points of differentiation are their ability to consolidate smaller distributors and their independence, which provides an unbiased perspective to customers. Upside is driven by improved revenue growth and margins from the U.S. business, driven by sales initiatives and consolidation expertise. We see catalysts from account wins, better end markets and growth of the private label and services businesses.” VWR closed on Monday at $22.50.