Mallinckrodt plc Reports Fiscal 2016 Third Quarter Results and Provides Guidance for Calendar Year 2016
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UBS Raises Price Target on Mallinckrodt (MNK) to $92 Following Strong 3Q
August 3, 2016 9:27 AM EDTUBS reiterated a Buy rating on Mallinckrodt plc (NYSE: MNK), and raised the price target to $92.00 (from $85.00), following the company's 3Q earnings report. Strong results lead UBS to revise 2016 estimated revenues to $3.8B from $3.7B and EPS to $8.53 from $8.30.
Analyst Marc Goodman... More
Mallinckrodt (MNK) PT Raised to $103 at Piper Jaffray
August 3, 2016 8:07 AM EDTPiper Jaffray analyst David Amsellem reiterated an Overweight rating and lifted its price target on Mallinckrodt plc (NYSE: MNK) to $103.00 (from $102.00) following results after the close.
Amsellem commented, "Mallinckrodt reported fiscal 3Q16 adjusted diluted EPS of $2.20 on revenues of $971M, ahead of Street estimates of $2.01 and $922M,... More
Mallinckrodt (MNK) PT Raised to $91 at Leerink Partners
August 3, 2016 7:47 AM EDTLeerink Partners analyst Jason Gerberry reiterated an Outperform rating and raised his price target on Mallinckrodt plc (NYSE: MNK) to $91.00 (from $84.00) following a strong quarter that included a 5% topline and ~10% EPS beat.
Gerberry commented, "MNK remains a valuation call with underappreciated asset durability.... More
Mizuho Securities Raises Price Target on Mallinckrodt (MNK) to $91 Following 2Q Beat
August 3, 2016 7:13 AM EDTMizuho Securities reiterated a Buy rating on Mallinckrodt plc (NYSE: MNK), and raised the price target to $91.00 (from $83.00), following the company's 2Q earnings report. Mallinckrodt reported revenues of $970.6M and EPS of $2.20 vs. the consensus of $921.8M and $2.01.
Analyst Irina Koffler... More
Mallinckrodt plc (MNK): Earnings Potential Still Underappreciated - Guggenheim
August 2, 2016 1:08 PM EDTGuggenheim analyst Louise Chen reiterated a Buy rating and $98 price target on Mallinckrodt plc (NYSE: MNK) following strong earnings. The analyst sees plenty of room for upside and said earnings potential is still underappreciated.
Chen commented, "Post F3Q16, we continue to believe... More
Mallinckrodt (MNK) Tops Q3 EPS by 20c
August 2, 2016 6:41 AM EDTMallinckrodt (NYSE: MNK) reported Q3 EPS of $2.20, $0.20 better than the analyst estimate of $2.00. Revenue for the quarter came in at $970.6 million versus the consensus estimate of $920.35 million.
GUIDANCE:
Mallinckrodt sees FY2016 EPS above $8.15-$8.50, versus the consensus of $8.28. Management provided an... More
