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PRGO

Perrigo

09:31
09/21/17
09/21
09:31
09/21/17
09:31

Perrigo announces FDA final approval for AB rated generic version of Exalgo 32mg

Perrigo announced it has received final approval from the U.S. FDA for its AB rated Abbreviated New Drug Application referencing Exalgo 32mg extended release tablets. The company anticipates launching this product by the end of September 2017. Annual market sales for the brand and generic equivalents of Exalgo 32mg extended release tablets for the 12 months ended July 2017 were approximately $35M.

PRGO Perrigo

09/07/17
WELS
09/07/17
NO CHANGE
WELS
Market Perform
Perrigo signaled willingness to work with Amazon, says Wells Fargo
Wells Fargo analyst David Maris noted that while presenting yesterday at the firm's conference, Perrigo (PRGO) said it would welcome working with Amazon on store brands. Currently, online sales partnerships with e-commerce arms of existing retailers, such as Walmart (WMT) and Walgreens (WBA), account for 1% of Perrigo products, he added. Maris, who said the company made an "upbeat and confident presentation," keeps a Market Perform rating on Perrigo shares.
09/12/17
CANT
09/12/17
NO CHANGE
Target $107
CANT
Overweight
Perrigo price target raised to $107 from $93 at Cantor
Cantor Fitzgerald analyst Louise Chen raised her price target on Perrigo to $107 from $93 after she left her meeting with the company's CEO and CFO thinking that things are better than she'd anticipated. The analyst, who thinks Perrigo can return to durable and consistent growth in 2018 and beyond, keeps an Overweight rating on the stock.
09/13/17
ADAM
09/13/17
NO CHANGE
Target $100
ADAM
Buy
Perrigo price target raised to $100 from $88 at Canaccord
Canaccord analyst Dewey Steadman raised his price target on Perrigo to $100 from $88 following meetings with management. The analyst said the company remains well positioned as a hybrid consumer/generic play and believes its management leadership is impressive. Steadman reiterated his Buy rating on Perrigo shares.
09/14/17
DBAB
09/14/17
NO CHANGE
Target $95
DBAB
Buy
Perrigo price target raised to $95 from $88 at Deutsche Bank
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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CLI

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CLI

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