UBS maintains a 'Neutral' on PharMerica (PMC); Q1 Preview; Is There A Hangover From OCR’s Hostile Takeover Attempt?
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Price: $14.04 +0.21%
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
1 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade PMC Now!
UBS maintains a 'Neutral' on PharMerica (NYSE: PMC) price target lowered from $15 to $13.
Analyst, Steven Valiquette, said, "We are projecting 1Q12 EPS of $0.29 for PharMerica, which is up +41% from $0.21 reported in 1Q2011, and is $0.01 above Street consensus. Like many of the companies in the drug distribution pipeline, PharMerica stands to benefit from the 1H12 launches of Lexapro, Seroquel, and Geodon which have fairly strong levels of distribution within the Long-term Care (LTC) channel."
"While shares of PMC trade at a discount to Omnicare (NYSE: OCR), we believe this discounted valuation is warranted given some of the lingering concerns for PMC’s near-term EPS growth prospects after being left at the altar by OCR courtesy of the FTC. We will obviously learn more over the next few quarters to what extent (if any) the PMC franchise was thwarted by this process."
For an analyst ratings summary and ratings history on PharMerica click here. For more ratings news on PharMerica click here.
Shares of PharMerica closed at $11.87 yesterday, with a 52 week range of $10.43-$16.45.
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Analyst, Steven Valiquette, said, "We are projecting 1Q12 EPS of $0.29 for PharMerica, which is up +41% from $0.21 reported in 1Q2011, and is $0.01 above Street consensus. Like many of the companies in the drug distribution pipeline, PharMerica stands to benefit from the 1H12 launches of Lexapro, Seroquel, and Geodon which have fairly strong levels of distribution within the Long-term Care (LTC) channel."
"While shares of PMC trade at a discount to Omnicare (NYSE: OCR), we believe this discounted valuation is warranted given some of the lingering concerns for PMC’s near-term EPS growth prospects after being left at the altar by OCR courtesy of the FTC. We will obviously learn more over the next few quarters to what extent (if any) the PMC franchise was thwarted by this process."
For an analyst ratings summary and ratings history on PharMerica click here. For more ratings news on PharMerica click here.
Shares of PharMerica closed at $11.87 yesterday, with a 52 week range of $10.43-$16.45.
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