2021-02-22 04:52:08 OCDX Ortho Clinical Diagnostics
02/22/21 02/2204:52 02/22/2104:52 | Ortho Clinical Diagnostics initiated with an Overweight at Piper SandlerPiper Sandler analyst Steven Mah initiated coverage of Ortho Clinical Diagnostics with an Overweight rating and $27 price target. The rating rating reflects Ortho's singular focus on customer service and relationships resulting in average customer tenure-length of 13 years and 99% revenue retention rate, Mah tells investors in a research note. The company's long-term growth will be driven by multiple factors, including an aging population, increasing chronic disease, increasing global access to healthcare and emergence of new diseases, says the analyst. |
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