Needham & Company Maintains a 'Hold' on Warner Chilcott (WCRX); Chilly Ices 2012 Expectations But Shares Hang Tough For Now
Tweet
Share
E-mailGet Alerts WCRX Hot Sheet
Price: $22.93 --0%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on Warner Chilcott (NASDAQ: WCRX).
Needham analyst says, "WCRX initial 2012 guidance underwhelmed yet shares have held steady, either because investors expect very little or are content to wait for the next acquisition or, perhaps management’s stepped up effort to highlight the “core product” growth story is gaining some traction. While the resiliency of shares in the face of a light 2012 outlook clearly speaks volumes about the limited downside risk from further numbers slippage (very little), we still see limited supportive evidence to help crystallize an outperformance case other than the “low expectations/cheap valuation” argument that has existed for years." (Needham lowers FY12 EPS estimate from $3.94 to $3.69)
For an analyst ratings summary and ratings history on Warner Chilcott click here. For more ratings news on Warner Chilcott click here.
Shares of Warner Chilcott closed at $16.69 yesterday.
Needham analyst says, "WCRX initial 2012 guidance underwhelmed yet shares have held steady, either because investors expect very little or are content to wait for the next acquisition or, perhaps management’s stepped up effort to highlight the “core product” growth story is gaining some traction. While the resiliency of shares in the face of a light 2012 outlook clearly speaks volumes about the limited downside risk from further numbers slippage (very little), we still see limited supportive evidence to help crystallize an outperformance case other than the “low expectations/cheap valuation” argument that has existed for years." (Needham lowers FY12 EPS estimate from $3.94 to $3.69)
For an analyst ratings summary and ratings history on Warner Chilcott click here. For more ratings news on Warner Chilcott click here.
Shares of Warner Chilcott closed at $16.69 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- TSS Inc (TSSI) PT Lowered to $13 at Needham
- Freedom Broker Upgrades Serve Robotics (SERV) to Buy
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
