Barclays lowered the firm’s price target on Avantor (AVTR) to $15 from $18 and keeps an Overweight rating on the shares following the Q1 report. The company core guidance cut was largely expected, but there has been a lot of negative feedback on not including potential tariffs in the outlook, the analyst tells investors in a research note.
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Read More on AVTR:
- Avantor’s Hold Rating: Challenges in Bioprocess and Lab Consumables Amid Low Valuation
- Avantor downgraded to Hold from Buy at TD Cowen
- Avantor’s Hold Rating: Navigating Revenue Misses, Bioprocess Challenges, and Leadership Uncertainty
- Avantor’s Performance Challenges and Uncertain Outlook Lead to Hold Rating
- Avantor downgraded to Equal Weight from Overweight at Morgan Stanley