Mallinckrodt (MNK): Weaker Generics Should Not Offset Branded Volume Growth - Mizuho

November 30, 2016 8:07 AM EST
Get Alerts MNK Hot Sheet
Price: $49.18 +5.70%

Rating Summary:
    17 Buy, 4 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Mizuho Securities analyst, Irina Koffler, reiterated her Buy rating on shares of Mallinckrodt plc (NYSE: MNK) but cut her price target to $85 from $87.

The company presented a weaker-than-expected outlook on its specialty generics business, which led to a sell-off despite a strong 4Q:FY16 beat and volume growth in its branded business warranting the buy rating.

For an analyst ratings summary and ratings history on Mallinckrodt plc click here. For more ratings news on Mallinckrodt plc click here.

Shares of Mallinckrodt plc closed at $52.42 yesterday.

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