Wells Fargo analyst David Maris notes that clients have been asking why Perrigo shares are trading higher and whether there is any story behind the company delaying its planned investor event. Perrigo’s investor relations offered the explanation that “it was concluded that a comprehensive output of the New Perrigo is desired, including an in person forum, a long-term financial algorithm, case studies and/or details of specific growth actions,” reported Maris. He believes the explanation clearly shows they are simply looking to be responsive to investor input, adding that “stock trading in late-summer on the last day of a month can sometimes be more volatile than usual.” Maris maintains a Market Perform rating on Perrigo shares.
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