Pharmerica (PMC) Tops Q1 EPS by 2c

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UBS Raises Price Target on Pharmerica (PMC) to $27; Remains Neutral

May 9, 2016 8:53 AM EDT

UBS reiterated a Neutral rating on PharMerica (NYSE: PMC), and raised the price target to $27.00 (from $22.00), following the company's 1Q earnings report. On its conference call management provided 2Q16 guidance of $500-510 mln in revenues, $30.9-$31.9 mln of adjusted EBITDA, and EPS of $0.46-$0.48.... More