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Repligen initiated with a Sector Perform at RBC Capital
The Fly

Repligen initiated with a Sector Perform at RBC Capital

RBC Capital analyst Conor McNamara initiated coverage of Repligen with a Sector Perform rating and $190 price target. The analyst likes the company’s "attractive" end markets and ability to grow 20% organically in seven straight quarters, but does not see a pathway for multiple expansion beyond the current 12.7-times sales. He believes the positives are fully priced in at current valuation levels.

Published first on TheFly

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