Revvity Announces Financial Results for the Third Quarter of 2024
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Revvity Inc (RVTY) PT Raised to $134 at Evercore ISI
November 4, 2024 11:08 AM ESTEvercore ISI analyst Vijay Kumar raised the price target on Revvity Inc (NYSE: RVTY) to $134.00 (from $132.00) while maintaining a Outperform rating.
The analyst comments "Thesis Update: RVTY announced organic growth of 2% that came in slightly above ST. Overall EPS grew ~8% YoY driven by GMx and below the line (lower tax & net int exp) items. Shares are up 3% despite FY24 Org cut by 150 bps (to 0-1%). In conjunction, mgmt. carried forward the 3Q EPS Beat and raised FY24 EPS est despite lowering revs by ~20M (OMx assumptions unchanged and lower int... More
