Bio-Rad Labs (BIO): Raising PT On Multi Year Opportunity - Jefferies

September 7, 2016 7:47 AM EDT
Get Alerts BIO Hot Sheet
Price: $185.73 -0.63%

Rating Summary:
    4 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 2 | New: 3
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Jefferies analyst, Brandon Couillard, reiterated his Buy rating on shares of Bio-Rad Labs (NYSE: BIO) as trough valuation on trough earnings leads the analyst to believe that BIO is the most under-appreciated asset in his universe.

The analyst believes that after the migration to a single global ERP is complete, BIO will be on the cusp of a profit margin & ROIC inflection point to a base case of >$10 of EPS power in 2020. Expectations are low & the path to structurally higher FCF/ROIC seems increasingly plausible.

The price target goes to $225 from $200.

For an analyst ratings summary and ratings history on Bio-Rad Labs click here. For more ratings news on Bio-Rad Labs click here.

Shares of Bio-Rad Labs closed at $151.66 yesterday.

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