The Fly

PerkinElmer price target lowered to $160 from $175 at Credit Suisse

Credit Suisse analyst Dan Leonard lowered the firm’s price target on PerkinElmer to $160 from $175 and keeps a Neutral rating on the shares following quarterly results. The analyst believes the core growth rate of the new company — post the carve out of the analytical instruments and service business — is closer to high-single-digits than double digits.

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