Analysts have cut the price target for West Pharmaceutical Services, Inc. (NYSE:WST) to US$319 despite the company’s annual results being roughly in line with revenue and EPS estimates. While revenue growth is expected to accelerate slightly faster than historical rates, matching the wider industry, the consensus price target dropped by 6.3%. This suggests analysts were not entirely reassured by the latest results, leading to a lower future valuation estimate.
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Earnings Release: Here's Why Analysts Cut Their West Pharmaceutical Services, Inc. (NYSE:WST) Price Target To US$319
Analysts have cut the price target for West Pharmaceutical Services, Inc. (NYSE:WST) to US$319 despite the company’s annual results being roughly in line with revenue and EPS estimates. While revenue growth is expected to accelerate slightly faster than historical rates, matching the wider industry, the consensus price target dropped by 6.3%. This suggests analysts were not entirely reassured by the latest results, leading to a lower future valuation estimate.