Hutchison China MediTech Ltd. (HCM) PT Raised to $50 at Cantor Fitzgerald

July 28, 2021 3:29 PM EDT
Get Alerts HCM Hot Sheet
Price: $38.18 -1.93%

Rating Summary:
    9 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 8 | New: 24
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Cantor Fitzgerald analyst Louise Chen raised the price target on Hutchison China MediTech Ltd. (NASDAQ: HCM) to $50.00 (from $45.00) while maintaining an Overweight rating.

The analyst commented, "Post a solid as well as productive 1H21, we reiterate our Overweight (OW) rating and increase our 12-month PT to $50 from $45 before. The increase in our PT is driven by multiple expansion (forward EV/EBIT in DCF goes to 20x from 18x before). This is deserved because HCM's global commercialization efforts and pipeline expansion increase its earnings visibility in 2021 and beyond."



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

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change

Related Entities

Cantor Fitzgerald, Earnings, Louise Chen