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.

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