Jefferies Lifts Numbers On Charles River Labs (CRL) Following Q4 Results
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Price: $295.19 +1.28%
Rating Summary:
23 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies raised estimates and its price target on Charles River Labs (NYSE: CRL) from $30 to $35 but kept its Hold rating following Q4 results Monday.
The firm comments, "RMS trends are improving with the increasing prominence of its Services (i.e. niche) units. PCS margin improved, even if revenue did not on a normalized basis. Maintaining 2012 guidance looks conservative rather than questionable. Multiple false starts have encourage reconfirmation after budgets are finalized. Strategic deals integrating offerings from both segments are expected to be key contributors to growth."
The firm raised Q1 EPS from $0.66 to $0.67 and FY12 from $2.62 to $2.70. FY13 was maintained at $2.94.
For an analyst ratings summary and ratings history on Charles River Labs click here. For more ratings news on Charles River Labs click here.
Shares of Charles River Labs closed at $35.23 yesterday.
The firm comments, "RMS trends are improving with the increasing prominence of its Services (i.e. niche) units. PCS margin improved, even if revenue did not on a normalized basis. Maintaining 2012 guidance looks conservative rather than questionable. Multiple false starts have encourage reconfirmation after budgets are finalized. Strategic deals integrating offerings from both segments are expected to be key contributors to growth."
The firm raised Q1 EPS from $0.66 to $0.67 and FY12 from $2.62 to $2.70. FY13 was maintained at $2.94.
For an analyst ratings summary and ratings history on Charles River Labs click here. For more ratings news on Charles River Labs click here.
Shares of Charles River Labs closed at $35.23 yesterday.
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