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PRGO

Perrigo

$65.45

-0.09 (-0.14%)

09:25
11/14/18
11/14
09:25
11/14/18
09:25

Perrigo price target lowered to $64 form $77 at Wells Fargo

Wells Fargo analyst David Maris lowered his price target for Perrigo to $64 from $77 following quarterly results. The analyst reiterates a Market Perform rating on the shares.

PRGO Perrigo
$65.45

-0.09 (-0.14%)

11/09/18
ADAM
11/09/18
NO CHANGE
Target $90
ADAM
Perrigo share valuation should rebound, says Canaccord
Canaccord analyst Dewey Steadman said Perrigo posted a decent quarter for its core consumer businesses but saw softness in its prescription generics unit. The company has been trying to sell the unit, but he expects guidance to be soft as the business weighs on near-term results. The analyst said he expects the share price to rebound as the company emerges from its strategic challenges. Steadman maintained his Buy rating and $90 price target on Perrigo shares.
11/13/18
BREN
11/13/18
DOWNGRADE
Target $72
BREN
Hold
Perrigo downgraded to Hold from Buy at Berenberg
Berenberg analyst Patrick Trucchio downgraded Perrigo to Hold and cut his price target for the shares to $72 from $100.
11/13/18
BREN
11/13/18
DOWNGRADE
Target $72
BREN
Hold
Berenberg downgrades Perrigo to Hold, cuts target to $72 from $100
Berenberg analyst Patrick Trucchio downgraded Perrigo to Hold from Buy and cut his price target for the shares to $72 from $100. The shares closed yesterday up $1.51 to $65.58. Although the key reason to own Perrigo shares remains intact, namely the U.S. government's push to shift more products from prescription to nonprescription, "too much uncertainty in generics has placed us on the sidelines," Trucchio tells investors in a research note. Secular challenges in U.S. generics, including increased competition and reduced pricing driven by greater efficiencies at FDA and buyer consolidation, are unlikely to ease, says the analyst. He says Perrigo is not as immune to secular challenges in U.S. generics as he once believed. Further, the company's supply chain issues and poor execution are adding to these challenges, Trucchio contends.
11/13/18
11/13/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Lumentum (LITE) downgraded to Neutral from Overweight at JPMorgan with analyst Samik Chatterjee saying yesterday's negative pronouncement underscored the challenges likely to be faced by Apple (AAPL) supply chain companies in delivering to investor expectations as Apple continues to prioritize its premium pricing strategy on iPhones relative to volumes. 2. Best Buy (BBY) downgraded to Neutral from Buy at BofA/Merrill with analyst Curtis Nagle citing expectations for slowing industry growth, difficult comps in key products and cost inflation. 3. Perrigo (PRGO) downgraded to Hold from Buy at Berenberg with analyst Patrick Trucchio saying although the key reason to own Perrigo shares remains intact, namely the U.S. government's push to shift more products from prescription to nonprescription, "too much uncertainty in generics has placed us on the sidelines." 4. Sabra Health Care (SBRA) downgraded to Neutral from Buy at Mizuho with analyst Richard Anderson saying he wants to a take a "pause" until the earnings reset from the "surprise news" of Senior Care stopping rent payments since May becomes better understood. 5. Infinera (INFN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Meta Marshall saying she sees "no reason to race in" until there are signs that the revenue base has stabilized. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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GLD

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NTLA

Intellia Therapeutics

$15.77

-1.08 (-6.41%)

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GD

General Dynamics

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NVLN

Novelion Therapeutics

$0.66

-0.0523 (-7.37%)

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

17:14
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ONCS

OncoSec

$1.84

-0.03 (-1.60%)

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TNXP

Tonix Pharmaceuticals

$0.42

-0.0249 (-5.60%)

17:09
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SPX

S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

17:08
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S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

$284.86

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ATIS

Attis Industries

$1.03

-0.08 (-7.21%)

17:06
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17:06
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