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Avantor price target lowered to $12 from $15 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Avantor (AVTR) to $12 from $15 and keeps an Equal Weight rating on the shares post the Q2 report. The firm says bio processing headwinds led to a “disappointing” quarter. It expects completive headwinds to pressure Avantor’s Lab Solutions margins.

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