UBS Maintains a 'Buy' on PerkinElmer (PKI); Fourth Quarter Touchdown

UBS maintains a 'Buy' on PerkinElmer (NYSE: PKI) price target raised from $26 to $28.

UBS analyst says, "PKI posted 4Q organic growth of 6% - above our 4% estimates & guidance of 4-5%. Margins expanded significantly (gross margins up 300 bps, op margins up 250 bps) on Caliper profitability contributions, but also volume leverage and productivity gains, as adjusted EPS of $0.62 beat UBSe $0.50 and consensus $0.51 handily. PKI’s high-quality quarter, along with a strong outlook on ‘12 (EPS guidance is well above Street) keeps us upbeat on shares."

"For FY12-13, we now project sales of $2,173m (+11%; ~5% org, +8.5% M&A, -2% F/X) and $2,283m (+5%), respectively, with EPS of $2.02 (vs. $1.97 prior) & $2.30 (vs. $2.17 prior.)."

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 $24.69 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Deutsche Bank Downgrades Workday (WDAY) to Hold
• Northland Upgrades Astera Labs (ALAB) to Outperform, 'Right Time, Customers, and Products'
• Arthur J. Gallagher (AJG) PT Raised to $300 at Argus