Avantor price target raised to $30 from $24 at Citi

Citi analyst Patrick Donnelly raised the firm’s price target on Avantor to $30 from $24 and keeps a Buy rating on the shares post the Q4 report. The analyst says management took a more prudent approach to its guidance framework, which the firm views favorably. Additionally, Avantor discussed its confidence in the return to a greater than 20% adjusted EBITDA margin profile by the end of 2025, and there is potential upside to this timing, the analyst tells investors in a research note.