Citi lowered the firm’s price target on Revvity (RVTY) to $135 from $155 and keeps a Buy rating on the shares. The company updated its FY25 guidance to account for possible tariff impacts, improved foreign exchange environment, and changes to core business assumptions, the analyst tells investors in a research note. The firm said that it has updated its model and keeps its Buy rating, but lowered its price target on the shares to reflect lower group multiples.
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Read More on RVTY:
- Amazon sellers pull away from Prime Day, IBM to invest in U.S.: Morning Buzz
- Morning Movers: Earnings results and macroeconomic data in focus this week
- Revvity reports Q1 adjusted EPS $1.01, consensus 95c
- Revvity backs 2025 adjusted EPS view $4.90-$5.00, consensus $4.94
- RVTY Earnings this Week: How Will it Perform?
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