Perrigo price target raised to $42 from $37 at Piper Sandler

Piper Sandler analyst Korinne Wolfmeyer raised the firm’s price target on Perrigo to $42 from $37 and keeps an Overweight rating on the shares. The firm believes Perrigo is poised to be one of the top performing names in the HPC space in 2024, with a defensive business model and attractive valuation, as well as key growth catalysts over the intermediate/longer term.