Mizuho lowered the firm’s price target on Embecta (EMBC) to $13 from $15 and keeps a Neutral rating on the shares following the analyst day. The company’s long-term guidance calls for sakes to remain relatively flat through 2028, the analyst tells investors in a research note. The firm says that with the outlook lower than expectations, the shares are now pricing in a worst-case scenario outcomes through long-range plan, which seems overdone.
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