Barclays analyst Luke Sergott raised the firm’s price target on Avantor to $24 from $21 and keeps an Overweight rating on the shares following the investor day. The company’s $300M cost-out program and business returning back to normal growth can drive upside to out-year estimates, the analyst tells investors in a research note.
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Read More on AVTR:
- Avantor® Hosts Investor Day, Announces New Strategic Operating Model to Drive Growth and Productivity
- Avantor price target lowered to $20 from $22 at Deutsche Bank
- Avantor price target lowered to $21 from $23 at TD Cowen
- Avantor price target lowered to $21 from $25 at Barclays
- Avantor price target lowered to $22 from $24 at BofA