Canaccord Genuity Maintains a 'Buy' on Warner Chilcott (WCRX); Taking A Closer Look
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Price: $22.93 --0%
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity maintains a 'Buy' on Warner Chilcott (NASDAQ: WCRX) price target of $22.00.
Analyst, Randall Stanicky, said, "WCRX was up 8% Friday and 22% in the last two weeks helped by press reports from The Times of London that Bayer is looking to make a bid for the company. The likelihood of a take-out we think may be unlikely but should not be dismissed. A combination of an inexpensive stock, ongoing strategic needs to sustain growth, uniquely tax advantaged platform, significant private equity ownership (~ 30%) and incentivized management team means that a wide range of value creating opportunities are likely being looked at. Bottom line, we still think it’s hard to point to timing and source of upside but we continue to like the stock as a value play."
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 $18.79 yesterday.
Analyst, Randall Stanicky, said, "WCRX was up 8% Friday and 22% in the last two weeks helped by press reports from The Times of London that Bayer is looking to make a bid for the company. The likelihood of a take-out we think may be unlikely but should not be dismissed. A combination of an inexpensive stock, ongoing strategic needs to sustain growth, uniquely tax advantaged platform, significant private equity ownership (~ 30%) and incentivized management team means that a wide range of value creating opportunities are likely being looked at. Bottom line, we still think it’s hard to point to timing and source of upside but we continue to like the stock as a value play."
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 $18.79 yesterday.
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