Perrigo (PRGO) Target Reduced as JPMorgan Refreshes Estimates [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
On December 15, JPMorgan lowered its price target on Perrigo Company plc (NYSE:PRGO) to $18 from $20 and kept a Neutral rating on the stock. The firm said the change followed an update to its financial model. For the third quarter of 2025, Perrigo Company plc (NYSE:PRGO) reported revenue of $1.04 billion. That marked a 4.06% decline from the same period last year. Operating income totaled $73 million, down from $80 million a year earlier. President and CEO Patrick Lockwood-Taylor said over-the-counter consumption remained soft during the quarter. Even so, the company posted solid in-market results. Perrigo gained dollar, unit, and volume share in five of its seven store-brand categories. It also expanded its share in several key brands. According to management, those trends show that consumers continue to choose Perrigo products on the shelf. In other news, on November 5, Perrigo Company plc (NYSE:PRGO) announced a strategic review of its infant formula business. The move reflect
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