BioCentury on BioBusiness,
Analyst Picks & Changes
Analyst picks & changes
Published on
Monday, November 5, 2012
|
Company
|
Bank
|
Analyst
|
Coverage
|
Opinion
|
Wk
chg
|
11/2
cls
|
|
Charles
River Laboratories International Inc. (NYSE:CRL)
|
Jefferies
|
David
Windley
|
Price
target
|
Hold
|
0%
|
$39.44
|
|
Windley
raised his target to $44 from $35 after Charles River reported 3Q12 EPS of
$0.65, beating the $0.62 consensus estimate (see "EPS Watch,"
A22). In October, AstraZeneca plc (LSE:AZN; NYSE:AZN) named the
tool supplier as its preferred outsourcing partner for regulated safety
assessments and drug metabolism and pharmacokinetic development into 2015.
Windley believes the deal will help increase the performance of Charles River's
research models segment. He raised his EPS estimates to $2.73 from $2.72 in
2012 and to $3.09 from $2.97 in 2013.
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108
words displayed of
472
words total.
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