AptarGroup upgraded to Buy from Hold at Jefferies

Jefferies upgraded AptarGroup to Buy from Hold with a price target of $215, up from $155. With a strong pipeline of new products such as delivery systems for GLP-1 drugs, for over-the-counter Narcan, and for Neffy, AptarGroup’s Pharma segment will lead an 8.5% annual EBITDA growth through 2026, the analyst tells investors in a research note. The firm expects the stock’s valuation to continue to move towards that of its healthcare packaging competitors.