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Fly News Breaks for September 14, 2017
PRGO
Sep 14, 2017 | 06:55 EDT
Deutsche Bank analyst Gregg Gilbert raised his price target for Perrigo to $95 saying that while the company's turnaround has taken longer than expected, "a recovery in sentiment appears to be well underway." Management has set appropriate expectations and is as confident as ever that they can continue to deliver, Gilbert tells investors in a research note. He thinks the shares can continue to "grind higher" if Perrigo meets/beats its forecasts. Gilbert keeps a Buy rating on Perrigo.
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