Jefferies Downgrades Perrigo to Hold, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Keith Devas has downgraded Perrigo (NYSE:PRGO) from Buy to Hold and reduced the price target from $50 to $30.
September 23, 2024 | 9:49 pm
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Jefferies has downgraded Perrigo from Buy to Hold, significantly lowering the price target from $50 to $30, indicating a less optimistic outlook.
The downgrade from Buy to Hold and the substantial reduction in the price target from $50 to $30 by Jefferies suggests a negative short-term outlook for Perrigo. This is likely to lead to a decrease in investor confidence and potential selling pressure on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100