Canaccord Genuity Maintains a 'Hold' on Mylan (MYL); Raising PT on Solid Q2
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Price: $31.75 +0.63%
Rating Summary:
6 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
6 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade MYL Now!
Canaccord Genuity maintains a 'Hold' on Mylan (NASDAQ: MYL) price target of $25.00 (from $24.00).
Analyst, Randall Stanicky, said, "Post the 2Q call our rating is unchanged but we think that risk/reward has improved – MYL put up a solid 2Q against low expectations which, combined with a stronger 2H, should provide support for the stock. While the stock may see a bounce, we’re still looking for more robust multi-year operational growth before we get more aggressive with our rating. Our EPS estimates move higher, implying a 5% 3-year revenue CAGR and 7% EPS CAGR off 2012E and our price target increases to $25."
For an analyst ratings summary and ratings history on Mylan click here. For more ratings news on Mylan click here.
Shares of Mylan closed at $22.75 yesterday, with a 52 week range of $15.49-$23.88.
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Analyst, Randall Stanicky, said, "Post the 2Q call our rating is unchanged but we think that risk/reward has improved – MYL put up a solid 2Q against low expectations which, combined with a stronger 2H, should provide support for the stock. While the stock may see a bounce, we’re still looking for more robust multi-year operational growth before we get more aggressive with our rating. Our EPS estimates move higher, implying a 5% 3-year revenue CAGR and 7% EPS CAGR off 2012E and our price target increases to $25."
For an analyst ratings summary and ratings history on Mylan click here. For more ratings news on Mylan click here.
Shares of Mylan closed at $22.75 yesterday, with a 52 week range of $15.49-$23.88.
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