This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Healthcare Companies: Perrigo Company (PRGO) and Zymeworks (ZYME)

Tipranks - Wed Jun 10, 7:24AM CDT

There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Perrigo Company (PRGO) and Zymeworks (ZYME) with bullish sentiments.

Introducing TipRanks MCP for Agents

Perrigo Company (PRGO)

In a report released today, Susan Anderson from Canaccord Genuity maintained a Buy rating on Perrigo Company, with a price target of $17.00. The company’s shares closed last Monday at $11.61.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 15.0% and a 41.4% success rate. Anderson covers the NA sector, focusing on stocks such as Peloton Interactive, Olaplex Holdings, and Sally Beauty. ;'>

Currently, the analyst consensus on Perrigo Company is a Moderate Buy with an average price target of $17.00.

See the top stocks recommended by analysts >>

Zymeworks (ZYME)

Truist Financial analyst Asthika Goonewardene initiated coverage with a Buy rating on Zymeworks today and set a price target of $28.00. The company’s shares closed last Monday at $23.93.

According to TipRanks.com, Goonewardene is a 3-star analyst with an average return of 1.1% and a 41.5% success rate. Goonewardene covers the Healthcare sector, focusing on stocks such as ArriVent BioPharma, Inc., Allogene Therapeutics, and Legend Biotech. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zymeworks with a $37.38 average price target, implying a 56.3% upside from current levels. In a report issued on June 1, Wells Fargo also maintained a Buy rating on the stock with a $34.00 price target.

Read More on PRGO:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.