Avantor price target lowered to $27 from $30 at BofA

BofA analyst Michael Ryskin lowered the firm’s price target on Avantor to $27 from $30 and keeps a Buy rating on the shares. The firm notes in a research note on Friday that Q1 results were roughly in-line with BofA/Street estimates, including total sales of $1,780M, "core organic" ex-COVID decline of -1.8% and Adjusted EPS of 29c.