KeyBanc Starts Patheon Holdings (PTHN) at Overweight

August 15, 2016 7:08 AM EDT
Get Alerts PTHN Hot Sheet
Price: $24.60 -2.38%

Rating Summary:
    11 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 50 | New: 20
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KeyBanc initiated coverage on Patheon Holdings (NYSE: PTHN) with an Overweight rating and a price target of $33.Analyst Matthew Mishan sees growth opportunity.

"We believe PTHN is in the early innings of building a broader, more vertically integrated Contract Development and Manufacturing Organization (CDMO) with significant opportunity for organic and inorganic growth. More specifically: 1) there are multiple levers for HSD sales growth; 2) it has room for further margin expansion; 3) leverage declines as EBITDA improves; 4) it is likely an acquirer rolling up a fragmented industry; and 5) there is potential for multiple expansion," said Mishan.

For an analyst ratings summary and ratings history on Patheon Holdings click here. For more ratings news on Patheon Holdings click here.

Shares of Patheon Holdings closed at $27.00 yesterday.

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