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Fly News Breaks for November 8, 2018
PRGO
Nov 8, 2018 | 11:20 EDT
Wells Fargo analyst David Maris called Perrigo's Q3 report "very disappointing," stating that he believes the shares are down following the report due to the company's lowered guidance and customer service issues that were raised. Consensus does not seem to expect 2019 to be a rebuilding year, given that the 2019 Street expectation is for growth, but that is what it sounds like it will be based on the conference call, Maris tells investors. He maintains a Market Perform rating on Perrigo, stating that he thinks "fixing and reversing recent trends [...] will not be easy or fast."
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