Actavis (ACT) Tops Q2 EPS by 6c

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Actavis (ACT) Price Target Raised to $254 at UBS

August 6, 2014 11:21 AM EDT

UBS maintained a Buy rating on Actavis (NYSE: ACT) and raised its price target to $254.00 (from $237.00). The change follows Q2 results.

Analyst Marc Goodman said, "(1) Mgt has aspiration of $20.00 EPS for 2017, which will depend on both new branded and generics product... More