Raymond James Maintains Outperform on Avantor, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Andrew Cooper has reaffirmed an Outperform rating on Avantor (NYSE:AVTR) and increased the price target from $22.5 to $26, indicating a positive outlook on the stock.
January 26, 2024 | 12:35 pm
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Avantor's Outperform rating is maintained by Raymond James, with a raised price target from $22.5 to $26, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Andrew Cooper from Raymond James typically signals a strong conviction in the company's growth prospects and financial health. This can often lead to increased investor confidence and a potential short-term rise in the stock price as the market reacts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100