Revvity upgraded to Buy from Neutral at BofA

BofA upgraded Revvity (RVTY) to Buy from Neutral with a $138 price target Having transformed its business over the last few years, the firm sees the business “turning an inflection point,” the analyst tells investors. While management refrained from guiding to FY25 at its recent analyst day, its long-range plan was “all but reiterated,” added the analyst, who views the current valuation as “undemanding,” and was encouraged by the progress highlighted at the company’s event.