Mallinckrodt Plc (MNK) Tops Q2 EPS by 18c; Boosts Outlook

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Mallinckrodt plc (MNK) PT, Estimates Lifted at Jefferies

May 12, 2014 6:42 AM EDT

Jefferies analyst Anthony Petrone reiterated a Buy rating, raised estimates and boosted his price target on Mallinckrodt plc (NYSE: MNK) to $85.00 (from $77.00) following a pain survey which points to strong demand for Xartemis XR.

Petrone comments, "Key findings are: 1) Overwhelming interest in abuse-deterrent... More