Mallinckrodt (MNK) Tops Q1 EPS by 5c

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Mallinckrodt plc (MNK) PT Lowered to $69 at BMO Capital Following 1Q In-Line EPS; 'Upside in Generics May Not be Sustainable

May 9, 2017 9:58 AM EDT

BMO Capital lowered its price target on Mallinckrodt plc (NYSE: MNK) to $69.00 (from $79.00) while maintaining a Outperform rating, following first quarter earnings report.

Analyst Gary Nachman notes the company reported first quarter in-line earnings per share fueled by revenue upside, despite management's... More