BofA analyst Michael Ryskin raised the firm’s price target on Phibro Animal Health (PAHC) to $27 from $19 and keeps an Underperform rating on the shares. The firm increased EPS estimates based on the company’s initial FY26 guidance that came in “well ahead” of Street consensus and raised the multiple to reflect the stronger performance, but continues to believe that growth will soon moderate and return to historical levels with limited operating leverage once M&A is annualized, the analyst tells investors.
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Read More on PAHC:
- Phibro Animal Health Reports Strong Fiscal Year Results
- Phibro Animal Health: Strong Q4 Results and Strategic Growth Initiatives Tempered by Valuation Concerns Leading to Hold Rating
- Phibro Animal Health price target raised to $34 from $26 at Morgan Stanley
- Phibro Animal Health: Strong Q4 Performance Overshadowed by Growth and Profitability Challenges
- Phibro Animal Health sees FY26 EPS $2.52-$2.70, consensus $2.32