Mallinckrodt plc Reports Fiscal 2016 First Quarter Results
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Piper Jaffray Reiterates Overweight on Mallinckrodt (MNK) Following Solid 1Q Results
February 3, 2016 8:58 AM ESTPiper Jaffray maintained an Overweight rating on Mallinckrodt plc (NYSE: MNK), and cut the price target to $97.00 (from $103.00), following the company's 1Q earnings report. MNK reported revenue and EPS of $915M and $2.09, respectively, compared to the Street's estimates of $889M and $1.78. MNK cautioned that seasonality and deductible resets are likely to be... More
Mizuho Securities Upgrades Mallinckrodt plc (MNK) to Buy
February 3, 2016 6:39 AM ESTMizuho Securities upgraded Mallinckrodt plc (NYSE: MNK) from Neutral to Buy with a price target of $78.00 (from $72.00).
Analyst Irina Koffler commented, "We are upgrading MNK from Neutral to Buy and raising our PT from $72 to $78. We were previously concerned with commercial... More
Mallinckrodt (MNK) Tops Q1 EPS by 23c
February 2, 2016 6:13 AM ESTMallinckrodt (NYSE: MNK) reported Q1 EPS of $2.00, $0.23 better than the analyst estimate of $1.77. Revenue for the quarter came in at $915 million versus the consensus estimate of $888.33 million.
Exceptional Specialty Brands segment performance, up 45.4%, was the primary growth contributor driven by solid organic... More
