JPMorgan downgraded Avantor (AVTR) to Neutral from Overweight with a price target of $12, down from $14. The company reported another “weak” quarter and its guide-down indicates limited turnaround visibility, the analyst tells investors in a research note. The firm finds it unclear when some of Avantor’s “transitory and seemingly idiosyncratic” issues will subside, such as the operational headwinds impacting process chemicals.
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