Raymond James Maintains Outperform on Avantor, Lowers Price Target to $22.5
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Cooper maintains an Outperform rating on Avantor (NYSE:AVTR) but lowers the price target from $25 to $22.5.

October 30, 2023 | 8:46 am
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Avantor's price target has been lowered from $25 to $22.5 by Raymond James, though the Outperform rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the Outperform rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100