Susan Anderson, an analyst from Canaccord Genuity, maintained the Buy rating on Perrigo Company (PRGO – Research Report). The associated price target remains the same with $42.00.
Susan Anderson’s rating is based on Perrigo Company’s strategic initiatives and financial outlook. The company has laid out a comprehensive plan focusing on stabilizing its U.S. over-the-counter (OTC) and nutrition business, streamlining its portfolio, and strengthening high-growth brands. This plan, known as the ‘Three S’ Plan,’ is expected to drive margin expansion and sales recovery, which are key factors in her Buy rating.
Additionally, Perrigo’s management has provided guidance for fiscal year 2025, indicating a positive trajectory with expected sales growth and improved EBIT margins. The recovery of the infant nutrition business and the company’s focus on operational efficiency are anticipated to contribute to multiple expansion. These factors, combined with the company’s commitment to investing in high-margin brands, support Susan Anderson’s optimistic outlook for Perrigo’s stock.
Anderson covers the Consumer Cyclical sector, focusing on stocks such as The Estée Lauder Companies, Inter Parfums, and Coty. According to TipRanks, Anderson has an average return of 17.1% and a 44.72% success rate on recommended stocks.