Mallinckrodt plc Reports Fiscal 2015 Third Quarter Financial Results

Leerink Partners Upgrades Mallinckrodt plc (MNK) to Outperform on Valuation

Leerink Partners upgraded Mallinckrodt plc (NYSE: MNK) from Market Perform to Outperform with a price target of $112. Analyst Jason M. Gerberry tied the upgrade to valuation.

"We are upgrading MNK on valuation as the stocks recent plummet post F3Q has created a buying opportunity, in our... More

Piper Jaffray Cuts Price Target on Mallinckrodt (MNK) to $140 Following 3Q EPS Beat

Piper Jaffray reiterated an Overweight rating on Mallinckrodt plc (NYSE: MNK), and cut the price target to $140.00 (from $150.00), following 3Q15 results. Mallinckrodt reported 3Q15 diluted EPS of $2.05, ahead of the Street estimate of $1.83. Revenues of $965M missed the Street's $986M estimate.

Analyst David Amsellem commented, "Mallinckrodt reported fiscal... More

Mallinckrodt (MNK) PT, Estimates Lowered at Leerink Partners Following Mixed Q3

Leerink Partners analyst Jason Gerberry lowered estimates and his price target on Market Perform-rated Mallinckrodt plc (NYSE: MNK) to $112.00 (from $133.00) following mixed Q3 results that included a ~$20m miss on consensus due to weaker than expected Acthar (autoimmune disease) and oxycodone Gx... More

JPMorgan Downgrades Mallinckrodt plc (MNK) to Neutral

JPMorgan downgraded Mallinckrodt plc (NYSE: MNK) from Overweight to Neutral with a price target of $120.00 (from $140.00).

For an analyst ratings summary and ratings history on Mallinckrodt plc click here. For more ratings news on Mallinckrodt plc click here.

Shares of Mallinckrodt plc closed at $106.73 yesterday.

Mallinckrodt (MNK) Tops Q3 EPS by 23c

Mallinckrodt (NYSE: MNK) reported Q3 EPS of $2.05, $0.23 better than the analyst estimate of $1.82. Revenue for the quarter came in at $965.1 million versus the consensus estimate of $985.3 million.

"Mallinckrodt reported another solid quarter, with meaningful top- and bottom-line growth in our Specialty Brands segment. The revenue... More