Wells Fargo lowered the firm’s price target on AptarGroup (ATR) to $133 from $152 and keeps an Overweight rating on the shares. The firm says that overshadowing a respectable Q3 performance was AptarGroup’s warning of a high-margin product hitting an air pocket after tremendous growth since 2023. Though this drives Wells’ lowered estimates, the firm sees the medium- and long-term story as intact.
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Read More on ATR:
- AptarGroup downgraded to Market Perform from Outperform at William Blair
- AptarGroup’s Resilience and Strategic Focus Drive Buy Rating Despite Mixed Results
- AptarGroup reports Q3 EPS $1.62, consensus $1.57
- AptarGroup sees Q4 adjusted EPS $1.20-$1.28, consensus $1.44
- AptarGroup management to meet virtually with KeyBanc