Fly News Breaks for May 20, 2019
May 20, 2019 | 09:06 EDT
SunTrust analyst Gregg Gilbert raised his price target on Perrigo to $51 after its recent Investor Day presentation that highlighted the company's Consumer "self-care" transformation plan. The analyst says the new price target reflects the management's revised estimates for the consumer businesses along with the contribution from its planned acquisition of Ranir Global and its cost savings initiatives. Gilbert also keeps his Hold rating on the stock, noting that he prefers to await for signs of progress on the management's transformation plans and the company's return to "sustainable growth."
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