Morgan Stanley raised the firm’s price target on Phibro Animal Health (PAHC) to $34 from $26 and keeps an Equal Weight rating on the shares. The firm said it is encouraged by the latest beat, and the company’s initial FY26 guidance is strong, pointing to a notably better profit profile into next year as it successfully integrates ZTS MFA business and compelling Phibro Forward initiatives. The shares should rise following the report, the analyst tells investors in a research note.
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