2020-10-12 08:16:01 PPD PPD
10/12/20 10/1208:16 10/12/2008:16 | PPD, Inc. initiated with a Buy at TruistTruist analyst Sandy Draper initiated coverage of PPD, Inc. with a Buy rating and $42 price target. The analyst says the company is one of the top contract research organizations in terms of "revenue, breadth of therapeutic expertise, and geographic reach", noting that it is well positioned to benefit from industry tailwinds. Draper adds that PPD should be able to sustain its peer-leading revenue and earnings growth over the coming years thanks to its "increasing focus on Biotech as well its unique offerings within study start-up and real world evidence". |
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