Baird analyst Catherine Schulte lowered the firm’s price target on PerkinElmer to $182 from $185 and keeps an Outperform rating on the shares. The analyst said management remains bullish on underlying demand, pointing to a solid organic base business growth in 2023. The company remains on track to complete the Analytical and Enterprise Solutions divestiture by 1Q23-end, which could open the door for incremental capital deployment opportunities.
Published first on TheFly
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