Cantor Fitzgerald Remains Bullish on Perrigo (PRGO) Despite Guidance Cut
Cantor Fitzgerald analsyt Louise Chen remains positive on Perrigo Co. (NYSE: PRGO) despite lowered FY18 guidance.
Chen notes weakness was driven by headwinds in its Rx business, which it now expects to sell, merge or separate out in 2H19.
They continue to like the stock as they believe there is a lot of value that can be unlocked for its shareholders.
The firm reiterated an Overweight rating and price target of $107.
For an analyst ratings summary and ratings history on Perrigo Co. click here. For more ratings news on Perrigo Co. click here.
Shares of Perrigo Co. closed at $78.30 yesterday.