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Fly News Breaks for February 7, 2020
AVTR
Feb 7, 2020 | 15:20 EDT
Cowen analyst Doug Schenkel reiterated an Outperform rating and $23 price target on Avantor after the company's Q4 earnings report, saying that today's weakness is "overdone" and presents a buying opportunity. Schenkel said that the second half setup for the company is "attractive," with Avantor poised for 5%-6% second half revenue growth and refinancing its highest cost debt. The analyst added that the risk/reward for Avantor is attractive and that the stock remains a top pick.
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