Cambrex upgraded to Strong Buy from Outperform at First Analysis

First Analysis analyst Steven Schwartz upgraded Cambrex to Strong Buy while lowering his price target for the shares to $63 from $73. The analyst views yesterday’s post-earnings selloff as overdone.The company is “roughly holding to the mid-points” of previously stated 2018 guidance for EBITDA and earnings despite lowering revenue growth guidance by 200 basis points with some production work being be pushed into 2019, Schwartz tells investors in a research note.
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