Stifel lowered the firm’s price target on Avantor (AVTR) to $26 from $28 and keeps a Buy rating on the shares. The organic growth outlook for 2025 is “not all that surprising given the pushes and pulls within the end markets and the starting points for peers,” although management’s commentary on the 20% EBITDA exit rate for 2025 was “surprising to most we spoke with,” says the analyst, who adds that the firm is “not sure Friday’s 12% stock reaction was justified.”
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Read More on AVTR:
- Morgan Stanley trims Avantor price target, says selloff ‘appears overdone’
- Avantor price target lowered to $22 from $24.50 at Bernstein
- Balanced Outlook on Avantor: Hold Rating Amidst Segment Underperformance and Strong Expense Management
- Favorable Risk-Reward Profile and Organic Growth Drive Buy Rating for Avantor
- Avantor price target lowered to $23 from $26 at Barclays