Piper Sandler Initiates Coverage On Perrigo with Overweight Rating, Announces Price Target of $37
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Korinne Wolfmeyer has initiated coverage on Perrigo (NYSE:PRGO) with an Overweight rating and set a price target of $37. This new coverage could influence investor sentiment and potentially impact PRGO's stock price in the short term.

November 17, 2023 | 10:07 am
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POSITIVE IMPACT
Piper Sandler's initiation of coverage on Perrigo with an Overweight rating and a $37 price target may lead to increased investor confidence and a positive short term price movement.
Analyst ratings, especially from reputable firms like Piper Sandler, can significantly influence investor perception and stock prices. An Overweight rating suggests that the analyst believes the company will outperform the average market return or sector. The announcement of a specific price target provides a benchmark that can lead to increased trading activity as investors may adjust their positions based on the new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100