Mizuho Securities Remains Sidelined Following Endo Int'l's (ENDP) Mixed 4Q Results

Mizuho Securities reiterated a Neutral rating on Endo International plc (NASDAQ: ENDP), and cut the price target to $42.00 (from $55.00), following the company's 4Q earnings report. ENDP reported revenues of $1.07B, in-line with consensus' estimate. EPS was reported at $1.36, ahead of expectations of $1.27. ENDP introduced FY16 revenue guidance of $4.32B- $4.52B, below consensus of $4.67B, and raised EPS guidance from $5.85- $6.15 to $5.85-$6.20.

Analyst Irina Koffle commented, "ENDP sold off after a disappointing 2016 guide and weaker performance in its generics unit, which now represents ~60% of the company. With limited M&A expectations in 2016 and minimal catalyst flow, we see no reason to buy the dip and reiterate our Neutral rating. We lower our PT to $42 from $55."

For an analyst ratings summary and ratings history on Endo International plc click here. For more ratings news on Endo International plc click here.

Shares of Endo International plc closed at $42.19 yesterday.

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