Deutsche Bank analyst Gregg Gilbert upgraded Perrigo to Buy saying the risk/reward is "compelling" with the stock down 20% since the company's Q1 miss. The analyst acknowledges that Perrigo could potentially miss Q2 estimates, lower its already-lowered 2016 outlook, and offer a long-term growth outlook that is "significantly more modest than that offered in the past." He believes, however, that management is "more open-minded than ever" to consider strategic options that could accelerate value creation. Gilbert keeps a $115 price target for the shares. Perrigo closed yesterday down $3.30 to $91.52.