H.C. Wainwright lowered the firm’s price target on Balchem to $135 from $165 and keeps a Buy rating on the shares. The analyst says weakness in multiple segments yielded substantially lower revenue in Q3, but only a modest earnings miss.
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Read More on BCPC:
- Balchem Corporation Reports Third Quarter Sales of $229.9 Million, with Net Earnings of $29.1 Million, GAAP EPS of $0.90, and Adjusted EPS of $1.04
- Balchem reports Q3 adjusted EPS $1.04 vs $1.00 last year
- BCPC Earnings this Week: How Will it Perform?
- Balchem Corporation Announces Quarterly Conference Call for Third Quarter Financial Results on October 27, 2023
