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Keybanc Maintains Overweight Rating for West Pharmaceutical Servs: Here's What You Need To Know

Author: Benzinga Insights | February 13, 2024 01:00pm

Keybanc has decided to maintain its Overweight rating of West Pharmaceutical Servs (NYSE:WST) and raise its price target from $440.00 to $470.00.

Shares of West Pharmaceutical Servs are trading down 0.48% over the last 24 hours, at $404.67 per share.

A move to $470.00 would account for a 16.14% increase from the current share price.

About West Pharmaceutical Servs

West Pharmaceutical Services is a Pennsylvania-based medical supplies company that operates as a key supplier to firms in the pharmaceutical, biotechnology, and generic drug industries. West develops, manufactures, and distributes elastomer-based supplies for the containment and administration of injectable drugs, including basic equipment such as syringes, stoppers, and plungers, along with somewhat more complicated devices including auto-injectors and other self-injection platforms. The company reports in two segments: proprietary products (82% of 2021 sales) and contract-manufactured products (18%). It generates 55% of its revenue from international markets and 45% from the United States.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: WST

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