Deutsche Bank Starts Perrigo (PRGO) at Hold, Sets Price Target at $100
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Price: $13.04 +1.64%
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on shares of Perrigo Co. (NASDAQ: PRGO) with a Hold rating and $100 price target.
The firm reports that PRGO is leading candidate in its primary industry with no significant competitor, has a divers revenue stream with strong cash flows, and has solid model with long-term growth.
An analyst at Deutsche comments, "Going forward, the company continues to have several avenues available for growth, and we expect avg EPS growth of 14% per year for the next three years. Organic growth should be driven by a robust pipeline of store brand OTC and generic Rx products."
For 2012, the firm estimates EPS of $4.60 with $3.215 billion in revenue and EPS of $5.31 with $3.539 billion in sales for 2013.
For more ratings news on Perrigo Co. click here and for the rating history of Perrigo Co. click here.
Shares of Perrigo Co. closed at $97.11 yesterday.
The firm reports that PRGO is leading candidate in its primary industry with no significant competitor, has a divers revenue stream with strong cash flows, and has solid model with long-term growth.
An analyst at Deutsche comments, "Going forward, the company continues to have several avenues available for growth, and we expect avg EPS growth of 14% per year for the next three years. Organic growth should be driven by a robust pipeline of store brand OTC and generic Rx products."
For 2012, the firm estimates EPS of $4.60 with $3.215 billion in revenue and EPS of $5.31 with $3.539 billion in sales for 2013.
For more ratings news on Perrigo Co. click here and for the rating history of Perrigo Co. click here.
Shares of Perrigo Co. closed at $97.11 yesterday.
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