Charles River Labs (CRL) PT Raised to $128 at Credit Suisse After Visiting Facility

Credit Suisse analyst Erin Wright raised the price target on Charles River Labs (NYSE: CRL) to $128.00 (from $121.00) while maintaining a Neutral rating after visiting the company's facility in Wilmington, MA. While fundamentals remain strong, CRL emphasized it is better positioned as it relates to any potential market cyclicality across its increasingly diverse platform.

CRL has spent over $2 billion on 17 acquisitions since 2012, and strategic M&A remains a meaningful component of its growth strategy. It noted a robust acquisition pipeline and a less competitive market with opportunities across all three segments.

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