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Fly News Breaks for September 22, 2016
PKI
Sep 22, 2016 | 07:58 EDT
UBS analyst Jonathan Groberg believes PerkinElmer remains an underappreciated story. The analyst said his buy thesis remains unchanged as management has executed well on its plan to streamline and invest in core businesses. Groberg reiterated its Buy rating and raised his price target to $61 from $56 on PerkinElmer shares, also citing expectations the company will be able to expand margins and the stock's compelling relative valuation.
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