Organon & Co. (OGN) PT Raised to $24 at Piper Sandler
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Price: $13.72 +0.15%
Rating Summary:
2 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Piper Sandler analyst David Amsellem raised the price target on Organon & Co. (NYSE: OGN) to $24.00 (from $22.00) while maintaining a Overweight rating.
The analyst commented, "Our price target of $24 (up from $22) is based on an EV/EBITDA multiple of 7x (unchanged) our 2024E EBITDA estimate of $2,020M (from $2,064M previously). We are no longer using a discount period for our PT calculation as it is based on 2024 EBITDA (that is the key driver of our revised PT). "
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