Morgan Stanley analyst David Risinger maintained a Hold rating on Mylan (MYL) today and set a price target of $18.00. The company’s shares closed last Thursday at $13.87, close to its 52-week low of $12.75.
According to TipRanks.com, Risinger has 0 stars on 0-5 star ranking scale with an average return of -8.2% and a 39.9% success rate. Risinger covers the Healthcare sector, focusing on stocks such as Teva Pharmaceutical Industries, Bausch Health Companies, and Horizon Therapeutics.
Mylan has an analyst consensus of Moderate Buy, with a price target consensus of $25.50, representing an 80.7% upside. In a report issued on March 25, Cantor Fitzgerald also maintained a Hold rating on the stock with a $22.00 price target.
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Based on Mylan’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.19 billion and net profit of $20.5 million. In comparison, last year the company earned revenue of $3.08 billion and had a net profit of $51.2 million.
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Mylan NV is a pharmaceutical healthcare company. The firm engages in the development, license, manufacture, market and distribution of generic, branded generic and specialty pharmaceutical products. It operates through the following geographical segments: North America, Europe and Rest of World. The North America segment develops, manufactures, sells, and distributes pharmaceutical products in tablet, capsule, injectable, transdermal patch, gel, nebulized and cream, or ointment form. The Europe segment operates through subsidiaries in Italy, Germany, the United Kingdom, and Spain. The Rest of World segment comprises of operations in Japan, Australia, China, Brazil, Russia, India, South Africa, Middle East and South East Asia. The company was founded in 1961 and is headquartered in Hatfield, the United Kingdom.