Canaccord Genuity Reiterates a 'Buy' on Perrigo Co. (PRGO); Meeting With Mgmt Confirms Solid Earnings Story
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Price: $14.25 +4.01%
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
12 Buy, 14 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity reiterates a 'Buy' on Perrigo Co. (NASDAQ: PRGO) price target of $125.00.
Analyst, Randall Stanicky, said, "We hosted a visit to Perrigo’s headquarters for a facility tour and meeting with CEO Joe Papa and CFO Judy Brown. Our meetings follow two days of FDA hearings on the potential for a new paradigm on Rx to OTC switches, which was one theme of our meeting along with other growth drivers that can further leverage what we think is an increasingly sticky and broad foothold in a market with a lot of growth runway. Bottom line – we understand the valuation push-back but don’t see this changing and would focus on the earnings story, which we think will continue to deliver upside."
For an analyst ratings summary and ratings history on Perrigo Co. click here. For more ratings news on Perrigo Co. click here.
Shares of Perrigo Co. closed at $103.26 yesterday.
Analyst, Randall Stanicky, said, "We hosted a visit to Perrigo’s headquarters for a facility tour and meeting with CEO Joe Papa and CFO Judy Brown. Our meetings follow two days of FDA hearings on the potential for a new paradigm on Rx to OTC switches, which was one theme of our meeting along with other growth drivers that can further leverage what we think is an increasingly sticky and broad foothold in a market with a lot of growth runway. Bottom line – we understand the valuation push-back but don’t see this changing and would focus on the earnings story, which we think will continue to deliver upside."
For an analyst ratings summary and ratings history on Perrigo Co. click here. For more ratings news on Perrigo Co. click here.
Shares of Perrigo Co. closed at $103.26 yesterday.
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