Mallinckrodt price target raised to $95 from $85 at Jefferies Jefferies raised its price target for Mallinckrodt (MNK) shares to $95 and added the stock to its Franchise Picks list. The firm upped its estimates to reflect the Questcor (QCOR) acquisition and higher generic pricing. Jefferies thinks Mallinckrodt is well positioned to be either a buyer or a seller following the close of Questcor deal and it keeps a Buy rating on the stock.
Mallinckrodt acquisition positive, says Oppenheimer After Mallinckrodt (MNK) announced that it was acquiring privately held Ikaria for $2.3B, Oppenheimer believes that Ikaria's products are a good fit for Mallinkrodt. The firm also likes what it sees as the additional diversification and operating margins provided by Ikaria's INOmax product. Noting that Mallinckrodt expects the deal to be immediately accretive, Oppenheimer raised its price target on Mallinckrodt to $140 from $122 and keeps an Outperform rating on the stock.