TD Cowen lowered the firm’s price target on Avantor (AVTR) to $27 from $28 and keeps a Buy rating on the shares. The firm said while results and guide were a bit mixed, on the whole they portray demand is improving growth accelerating with Bioprocess leading and management executing ahead of plan on cost out and free cash flow generation.
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Read More on AVTR:
- Avantor price target lowered to $26 from $28 at Stifel
- Morgan Stanley trims Avantor price target, says selloff ‘appears overdone’
- Avantor price target lowered to $22 from $24.50 at Bernstein
- Balanced Outlook on Avantor: Hold Rating Amidst Segment Underperformance and Strong Expense Management
- Favorable Risk-Reward Profile and Organic Growth Drive Buy Rating for Avantor