Needham & Company Maintains a 'Hold' on Warner Chilcott (WCRX); Valuation Paradox
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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
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Needham & Company maintains a 'Hold' on Warner Chilcott (NASDAQ: WCRX).
Analyst, Elliot Wilbur, said, "Despite recent share price pop tied to chatter of an acquirer emerging for WCRX, valuation still obviously reflects pronounced secular growth concerns though at this point the “fix” or value driver most necessary to break the funk, a major product acquisition, is also the event that would signal likely strategic alternatives are off the table. Given this land-locked scenario as well as the fact that incremental deals have been frustratingly evasive, we find no compelling reason at this point to alter our neutral thesis."
"We updated our model to reflect 1Q12 results, the impact of the recent generic Doryx launch and the updated 2012 guidance. As a result, our EPS estimates for 2012 and 2013 drop to $3.50 (from $3.69) and $3.43 (from $3.82), respectively."
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 $21.63 yesterday.
Analyst, Elliot Wilbur, said, "Despite recent share price pop tied to chatter of an acquirer emerging for WCRX, valuation still obviously reflects pronounced secular growth concerns though at this point the “fix” or value driver most necessary to break the funk, a major product acquisition, is also the event that would signal likely strategic alternatives are off the table. Given this land-locked scenario as well as the fact that incremental deals have been frustratingly evasive, we find no compelling reason at this point to alter our neutral thesis."
"We updated our model to reflect 1Q12 results, the impact of the recent generic Doryx launch and the updated 2012 guidance. As a result, our EPS estimates for 2012 and 2013 drop to $3.50 (from $3.69) and $3.43 (from $3.82), respectively."
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 $21.63 yesterday.
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