Baird analyst Catherine Schulte lowered the firm’s price target on Avantor to $27 from $29 and keeps an Outperform rating on the shares. The analyst noted they reported generally inline Q4 results and while the business faces some COVID/destocking headwinds in 1H, we think underlying demand is healthier than appreciated and believe sentiment could improve in 2H23/into 2024.
Published first on TheFly
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