Buckingham Research raises PT to $24, sees deal at $30
May 13, 2013 12:55 PM PDT
Buckingham Research today maintained a Buy rating on Warner Chilcott (NASDAQ: WCRX) and raised its price target of $24.00. On Friday Warner Chilcott confirmed it was in talks with Actavis, Inc. (NYSE: ACT).
Analyst David Buck said he could see a debt-financing deal at $30 per share of $11 billion. He also said he thinks first year EPS accretion would be around $1.80 per share.
For an analyst ratings summary and ratings history on Warner Chilcott click here. For more ratings news on Warner Chilcott click here.
Shares of Warner Chilcott closed at $18.01 yesterday, with a 52 week range of $10.85-$22.11.