Perrigo Seeks to Divest Prescription Topicals Business as It Drags Down Performance
Perrigo posted weaker-than-expected performance during its second quarter thanks largely to weakness in U.S. consumer animal health products, currency headwinds from Europe, and ongoing pricing pressure in its prescription topicals business. Management lowered its year-end guidance, and we may slightly lower our fair value estimate as we bring down some of our top- and bottom-line estimates, primarily in the prescription topicals segment. We’re keeping our no-moat rating in place as Perrigo hasn...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.