BofA lowered the firm’s price target on Avantor to $24 from $27 and keeps a Buy rating on the shares. While stating “almost everything got worse” during Q2 and that it is “tough to call a bottom” with limited visibility on 2024, Avantor trades at a deep discount to peers and the firm thinks the industry’s secular growth drivers remain healthy, so it keeps a Buy rating on the shares.
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Read More on AVTR:
- Avantor price target lowered to $22 from $24 at Baird
- Avantor downgraded to Market Perform from Outperform at William Blair
- Avantor price target raised to $23 from $22 at Barclays
- Avantor downgraded to In Line, removed from ‘Best Core Ideas’ list at Evercore
- Avantor price target lowered to $24 from $27 at BofA