Argus analyst Jasper Hellweg upgraded Perrigo to Buy from Hold. In a research note to investors, Hellweg says that given his expectation that the company will begin to show initial results from its consumer-focused transition later in the year, shares appear attractively valued at 13.1-times his 2019 EPS estimate, toward the low end of the company's five-year historical range. The company continues to advance its Project Momentum cost savings program, which is expected to have a positive impact on the company's earnings starting in 2020, and in July management raised its adjusted earnings guidance for 2019, the analyst notes.