Citi adds ‘downside 90-day short-term view’ on Avantor

Citi kept a Neutral rating on Avantor (AVTR) with a $14 price target while adding a “downside 90-day short-term view.” The firm believe the investment case for Avantor has weakened after the company opted to not include any tariff-related impacts into the fiscal 2025 outlook with a “sharp” Q2 sequential step up. There is growing competitive pressure in the Laboratory Solutions business, the analyst tells investors in a research note.