KeyBanc Starts PerkinElmer (PKI) at Buy

KeyBanc initiated coverage on PerkinElmer (NYSE: PKI) with a Buy rating and a price target of $52.00.

Analyst Matthew Mishan said, "We highlight PKI’s balance sheet capacity and normalizing FCF as meaningful and under-appreciated sources for accretive capital deployment moving forward, which we see as a latent / supplementary catalyst for shares beyond our generally favorable view on the Company’s growth (+MSD organic) and margin (~20% directionally achievable by ’17) prospects."

For an analyst ratings summary and ratings history on PerkinElmer click here. For more ratings news on PerkinElmer click here.

Shares of PerkinElmer closed at $40.95 yesterday.

You May Also Be Interested In

• TD Cowen Resumes Compass Diversified (CODI) at Buy
• Pentair (PNR) PT Lowered to $64 at BNP Paribas Exane, 'The first cut isn't the deepest'
• Hasbro (HAS) PT Lowered to $110 at Jefferies