Mallinckrodt (MNK) Tops Q1 EPS by 23c

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Go back to Mallinckrodt (MNK) Tops Q1 EPS by 23c

Piper Jaffray Reiterates Overweight on Mallinckrodt (MNK) Following Solid 1Q Results

February 3, 2016 8:58 AM EST

Piper 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 EST

Mizuho 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