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Goldman Sachs Upgrades PerkinElmer (PKI) to Buy

December 15, 2011 7:12 AM EST
Get Alerts PKI Hot Sheet
Price: $115.24 --0%

Rating Summary:
    12 Buy, 16 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 19 | Down: 16 | New: 9
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Goldman Sachs upgraded PerkinElmer (NYSE: PKI) from Neutral to Buy with a price target of $23.

The firm said the company has taken the steps to reorient its product portfolio, which positions the company better into 2012. In addition, the company has quietly become the second-best growth and margin expansion name in Tools.

For an analyst ratings summary and ratings history on PerkinElmer click here. For more ratings news on PerkinElmer click here.

Shares of PerkinElmer closed at $18.02 yesterday.


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