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Fly News Breaks for February 28, 2020
PRGO
Feb 28, 2020 | 09:11 EDT
RBC Capital analyst Randall Stanicky lowered the firm's price target on Perrigo to $58 from $64 and keeps a Sector Perform rating on the shares. The analyst cites the company's Q4 earnings miss and below-consensus guidance, also noting that Perrigo's otherwise "solid" 2020 growth outlook of 6%-7% is translating into flat earnings growth because of the compressed given margin offsets.