AptarGroup price target lowered to $153 from $173 at Wells Fargo

Wells Fargo analyst Gabe Hajde lowered the firm’s price target on AptarGroup (ATR) to $153 from $173 and keeps an Overweight rating on the shares. The firm notes Q2 results were strong, though driving shares lower Friday were the Q3 guide, litigation cost headwinds and normalizing growth of a key pharma product. With these items now looking priced in, next catalyst is the September Investor Day, Wells adds.