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Fly News Breaks for February 12, 2020
CRL
Feb 12, 2020 | 06:30 EDT
Citi analyst Patrick Donnelly raised his price target for Charles River Laboratories to $200 from $185 saying the company posted strong Q4 results and provided guidance well above Street expectations. Management was constructive on the biopharma funding environment heading into 2020, and laid out a number of drivers that should facilitate sales growth and margin expansion near the top end of the peer group, Donnelly tells investors in a research note. He reiterates a Buy rating on Charles River shares.
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