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CRL

Charles River

$131.58

1.19 (0.91%)

18:57
11/11/19
11/11
18:57
11/11/19
18:57

Charles River CEO: We are pleased with the demand curve

In an interview on CNBC's Mad Money, Charles River CEO Jim Foster said: Our business is not linear, but we are pleased with our long term growth rates... We'll be in great shape for the year... Biotech is strong and the majority of our revenue is coming from it... We continue to add to our portfolio.

CRL Charles River
$131.58

1.19 (0.91%)

09/16/19
RHCO
09/16/19
NO CHANGE
Target $162
RHCO
Buy
Charles River price target raised to $162 from $156 at SunTrust
SunTrust analyst Sandy Draper raised his price target on Charles River to $162 and kept his Buy rating after its investor day presentation highlighted the company's "strong macro tailwinds" and the management's "dogmatic focus on execution". The analyst notes that Charles River should continue to see high single digit organic growth, margin expansion, as well as strong end market demand which, coupled with accretive M&A, should allow it to double its revenue over the next 5 years. Draper adds that he is positive on the company's "breadth and depth of offerings" driving its expanded market share relative to the competition.
10/18/19
BOFA
10/18/19
DOWNGRADE
BOFA
Neutral
Charles River downgraded to Neutral from Buy at BofA/Merrill
10/18/19
BOFA
10/18/19
DOWNGRADE
Target $150
BOFA
Neutral
Charles River downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill analyst Juan Avendano downgraded Charles River to Neutral from Buy with a $150 price target. The company's acquisition growth opportunities "seem less compelling" going forward, Avendano tells investors in a research note. He believes Charles Rivers' roll-up strategy in the drug safety assessment space "appears to have run its course." As such, the analyst views the shares as less compelling.
10/18/19
10/18/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Gildan Activewear (GIL) downgraded to Sell from Buy at Desjardins, to Hold from Buy at Stifel, and to Underperform from Buy at BofA/Merrill. 2. Caterpillar (CAT) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Courtney Yakavonis saying she believes that the U.S. Construction Equipment market peaked in 2019 and that Energy & Transportation, or E&T, markets will fail to re-accelerate in 2020. 3. Charles River (CRL) downgraded to Neutral from Buy at BofA/Merrill with analyst Juan Avendano saying the company's acquisition growth opportunities "seem less compelling" going forward. 4. Macy's (M), Gap (GPS), and L Brands (LB) downgraded to Underperform from Neutral at Credit Suisse. 5. Waste Management (WM) downgraded to Neutral from Buy at BofA/Merrill and to Sector Weight from Overweight at KeyBanc. 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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