Avantor price target raised to $28 from $27 at Stifel

Stifel raised the firm’s price target on Avantor to $28 from $27 and keeps a Buy rating on the shares. The quarter came in just above expectations and management kept the full-year guidance unchanged, notes the analyst, who calls the stock’s reaction on Friday “strong – and perhaps a bit overdone given the math around the guide.” However, the firm adds that “resurgent confidence on a relatively cheap stock is an important sentiment right now.”