Avantor price target lowered to $22 from $24.50 at Bernstein

Bernstein analyst Eve Burstein lowered the firm’s price target on Avantor (AVTR) to $22 from $24.50 and keeps a Market Perform rating on the shares following quarterly results. The firm says the weakness in Avantor’s Laboratory Solutions business was the big concern this quarter: The segment missed expectations and quarterly guidance, and declined year-over-year.

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