Mallinckrodt (MNK) Tops Q1 EPS by 23c

Go back to Mallinckrodt (MNK) Tops Q1 EPS by 23c

Piper Jaffray Reiterates Overweight on Mallinckrodt (MNK) Following Solid 1Q Results

February 3, 2016 8:58 AM EST

Piper Jaffray maintained an Overweight rating on Mallinckrodt plc (NYSE: MNK), and cut the price target to $97.00 (from $103.00), following the company's 1Q earnings report. MNK reported revenue and EPS of $915M and $2.09, respectively, compared to the Street's estimates of $889M and $1.78. MNK cautioned that seasonality and deductible resets are likely to be... More

Mizuho Securities Upgrades Mallinckrodt plc (MNK) to Buy

February 3, 2016 6:39 AM EST

Mizuho Securities upgraded Mallinckrodt plc (NYSE: MNK) from Neutral to Buy with a price target of $78.00 (from $72.00).

Analyst Irina Koffler commented, "We are upgrading MNK from Neutral to Buy and raising our PT from $72 to $78. We were previously concerned with commercial... More