Mallinckrodt (MNK) Tops Q2 EPS by 20c; Boosts FY15 Outlook

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Mallinckrodt (MNK) PT Bumped to $145 at Jefferies Posts Q2

May 6, 2015 8:30 AM EDT

Jefferies analyst Anthony Petrone reiterated a Buy rating and bumped his price target on Mallinckrodt plc (NYSE: MNK) to $145.00 (from $140.00) following solid Q1 results.

Petrone commented, "MNK put up $59mm/$0.15 beat and raised guidance by $100mm/$0.30 to reflect Ikaria AND... More